Dow Jones

August 5, 2024 10:14 PM

Dow drops over 1000 points, Nasdaq slides 6% in global market rout

The US stock market experienced a plunge, with the Dow Jones opening more than 1000 points lower. The downturn follows a global market sell-off, shaking investor confidence and raising concerns about an impending recession. During the early hours of trading, the Dow Jones Industrial Average (DJIA) plummeted by 1,083.07 points, a decline of 2.79%, settling at 38,654.19. The tech-heavy Nasdaq Composite Index saw an even steeper drop, losing 680.15 points, or 4.05%, to reach 16,196.01. Meanwhile, ...

June 25, 2024 3:11 PM

Global Markets – European stocks fall as Nvidia slump hits tech sector

European stocks fell on Tuesday after a 7% drop in chipmaker Nvidia dragged down U.S. tech companies on Monday, in a sign of nervousness about the artificial intelligence boom. Stock markets remained close to record highs, however, as investors shifted into less flashy names. Bond yields cooled and Japan's yen stayed under pressure. Investors' attention is being pulled in multiple directions, with snap elections in France starting at the weekend; the first U.S. Presidential debate on Thursday;...

May 17, 2024 12:22 PM

Nifty, Sensex dip in early trade

Indian benchmark indices started Friday's trading session on a muted note, influenced by global cues. The Nifty 50 index declined by 29 points to 22,374.20 in the early trade while the BSE Sensex lost 149 points to 73,548 at the time of filing this report. Ajay Bagga, Banking and Market Expert, said "Selling by FIIs moderated on Thursday. As and when FIIs liquidate their huge short positions in the derivatives markets, the Indian indices will witness an upsurge". Mahindra & Mahindra surged...