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The Nasdaq was aided by a 1.32% rise in Tesla ( TSLA). The S&P 500 index rose 44.57 points or 0.95% to close at 4,712.02, while the tech-heavy Nasdaq Composite Index gained 113.23 points, 0.73%, to close at 15,630.60. The blue chip index was powered by shares of Apple ( AAPL), Salesforce ( CRM), Microsoft ( MSFT) and IBM ( IBM). On Friday the Dow Jones Industrial Average added 216.30 points, up 0.6% to end the session at 35,970.99. Stocks ended Friday’s session higher Friday, while booking solid gains for the week. Despite the strong reading, the markets powered higher on Friday, suggesting that some investors might have expected a higher number. Meanwhile, the consumer price index rose 0.8% for the month. You would have to go all the way back to 1982 to find the last time inflation ran this fast. According to data released Friday from the Labor Department, inflation soared 6.8% year over year in November, higher than the 6.7% estimate analysts expected.
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However, the questions do highlight the the prevailing see-saw battle between good news and bad news and how they should be interpreted. What direction will the market take to close out the year? And when assessing the level the conviction held by the bulls versus the bears, which side will be the first to blink? These questions don’t have easy answers, given the number of variables which are still at play, including concerns around the Fed’s tapering maneuvers, interest rates and rising inflation which stands at a 39-year high.
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Iyer and Ashwin, who made 32, not only steadied the innings but also scored briskly to put the pressure back on New Zealand. Southee then twisted the knife by removing opener Mayank Agarwal, caught in the slip, and Ravindra Jadeja, trapped lbw, in a two-wicket maiden over to reduce India to 51-5. Left-arm spinner Ajaz Patel further pegged back India when he trapped stand-in home captain Ajinkya Rahane leg before wicket for four with an arm-ball that kept low. Kyle Jamieson (3-40) conceded a couple of early boundaries before he dismissed Cheteshwar Pujara, who made 22, to open the flood gates.
Dream field see saw full#
"From the Indian point of view, they'll be going full of confidence that they can stop us from doing that."Įarlier, New Zealand's Tim Southee (3-75) struck twice in three balls in the morning session as they blew away India's top order after the home side had resumed on 14-1. "If we bat with some good intent and make the most of opportunities to score them, then we certainly believe we can chase them down. "I think all three results are possible," New Zealand batting coach Luke Ronchi told reporters. Tom Latham will resume on two on Monday with nightwatchman Will Somerville, who is yet to open his account, for company. New Zealand opener Will Young was given lbw to Ashwin, which could have been reversed but the batsman was late to review the decision. Iyer followed his first-innings hundred with a crucial 65, forging 50-plus stands with Ravichandran Ashwin and Wriddhiman Saha to revive India who declared their second innings on 234-7.Ĭhasing a daunting victory target of 284 on a worn-out track, the tourists were four for one when bad light stopped play. New Zealand claimed four wickets in the morning session to nose ahead on the penultimate day of the see-saw contest at Kanpur's Green Park Stadium. NEW DELHI : India's Shreyas Iyer once again dazzled on his debut test, hitting his second 50-plus score of the match to put his team in charge of the opening test against New Zealand on Sunday.