Industrial production in the United States increased by 0.1% in May, falling short of market expectations for a 0.3% riseUS Markets end higher as geopolitical tensions ease – Latest News
SEBI Reg. Investment Advisor
| Name of the IA registered with SEBI: | The Alchemists Ark Pvt. Ltd. |
| Logo: |  |
| Trade/Brand Name of IA: | MoneyWorks4Me Investment Advisers |
| Brand Logo: |  |
| SEBI Registration Number: | INA000013323 Validity – May 16, 2019 – Perpetual |
| Registration: | Non-Individual |
| BSE Enlistment No: | 1187 |
| Address: | B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045 |
| Compliance officer Details: |
Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA |
| Grievance Officer Details: |
Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA |
| Principal Officer Details: |
Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA |
| Standard Warning: | Investment in securities market are subject to market risks. Read all the related documents carefully before investing. |
| Disclaimer: | Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. |
16 Jun 2026
Evaluate
U.S. markets ended higher on Monday with tech leading the gains, while oil prices sank as President Donald Trump announced that an agreement had been reached to end the war between the U.S. and Iran. On the economic front, a report released by the Federal Reserve showed industrial production in the United States increased by 0.1% in May, falling short of market expectations for a 0.3% rise, following an upwardly revised 0.9% increase in April. Manufacturing output, which accounts for about 78% of total industrial production, was unchanged in May after rising 0.7% in April, also missing forecasts for a 0.2% gain. Mining production increased by 1.3%. Also, a report released by the National Association of Home Builders showed the NAHB/Wells Fargo Housing Market Index (HMI), which tracks US homebuilder confidence in the market for newly built single-family homes, fell to 35 in June 2026, down from 37 in May and slightly below market expectations of 36. Within the report, current sales conditions declined by two points to 38, while sales expectations for the next six months remained unchanged at 45.Â
Nasdaq surged 795.09 points or 3.07 percent to 26,683.94, Dow Jones Industrial Average increased 468.77 points or 0.92 percent to 51,671.03 and S&P 500 was up 122.83 points or 1.65 percent to 7,554.29.Â
Register Now to get our Free Newsletter & much more!
Â
