US market: Wall Street sinks as recession fears grow
Business | June 17, 2022 11:56 ISTThe Dow Jones Industrial Average lost 2.4% while the Nasdaq composite sank 4.1%.
The Dow Jones Industrial Average lost 2.4% while the Nasdaq composite sank 4.1%.
Sensex, Nifty News Today: Massive sell-off in metal stocks triggered a downfall in the afternoon session, pushing Nifty50 to breach major support of 15,500.
Target Corporation, a component of the S&P 500 Index, plunged 24.93%, crashing the most since 1987's Black Monday.
Worries about debt-engorged Chinese property developers — and the damage they could do to investors worldwide if they default — are rippling across markets. Investors are also concerned that the U.S. Federal Reserve could signal this week that it’s planning to pull back some of the support measures it’s been giving markets and the economy.
Indian markets were not alone in today's bloodshed. All the major Asian stock markets - Nikkei, Hang Seng, Shaghai, Taipei, Seoul and Singapore - edged-lower following an overnight downward correction in Dow Jones by over 1,100 points.
The Dow Jones industrial average yesterday closed over 25,000 for the first time and covered the fastest 1,000-point move in its history, following the release of stronger-than-expected jobs data.
Just when it looked as if the bleeding had stopped, it started up again. A rally in U.S. stocks evaporated in the minutes before the closing bell Tuesday, sending the Dow Jones industrial average down
New York: Stocks are mostly lower on Wall Street in early trading as retailers report poor results.Aeropostale, Francesca's Holdings and The Wet Seal fell early Thursday after reporting lower income or issuing earnings forecasts that
New York: The Dow Jones industrial average is closing above 16,000 for the first time as encouraging news on the job market pushes stocks higher. Applications for unemployment benefits dropped last week to the lowest
New York: US stock indexes climbed back into record territory on Wednesday after department store chains gave an optimistic forecast for holiday sales. Macy's surged 9 percent, leading strong gains among retailers including JC Penney,
New York: Stock indexes are inching higher in early trading on Wall Street as more companies report higher earnings. Kellogg and Sysco, a food distributor, rose after their earnings beat analysts' estimates. BlackBerry plunged after
New York: Stocks rose broadly Friday, giving the Dow Jones industrial average its best week since January.The market got a lift from two economic reports, one showing that inflation remained tame in August and the
Mumbai, Jun 28: In volatile trade, Sensex rose for the third straight day today edging up 23 points, led by FMCG, power and PSU stocks, amid hopes Prime Minister Manmohan Singh will take steps to
Mumbai, Jun 27: Extending its gains for the second straight day, the Sensex today advanced by 61 points led by metal and power stocks amid hopes of faster economic reforms with Prime Minister Manmohan Singh
Mumbai, Jun 26: Snapping the two-day losing string, the Sensex today advanced by 24 points on buying in refinery stocks spurred by lower oil prices amid the prevailing subdued sentiment after RBI steps to shore
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