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2 Adani Group firms among 5 BSE500 stocks that lost over 20% this weekon May 14, 2022 at 5:11 am
The broader market represented by BSE500 ended flat on Friday, and yet it ended up as the worst hit index, falling 1,083.33 points or 4.81 per cent for the week to 21,458.89. A total of 447 index stocks fell and only 53 could end higher.
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Waiting for unprecedented FII equity outflows to reverse? The wait could be longon May 14, 2022 at 4:45 am
“In the past, Indian markets have always underperformed EMs after big FII selling since they influenced the prices. However, this time India’s outperformance remains at historic high. This is also resulting in incremental foreign liquidity moving into other underperforming EMs (largely China).”
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Turn stocks to multibaggers by learning the art of behaviour science: Rahul Jain explainson May 14, 2022 at 4:30 am
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Top smallcaps that mutual funds bought & sold in rangebound Aprilon May 14, 2022 at 4:11 am
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Market lost another 4% on inflation concern; all sectors end in the redon May 14, 2022 at 4:04 am
During the last week, the Indian rupee shed 53 paise to end at 77.44 per dollar on May 13 against its May 6 closing of 76.91.
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Market lost another 4% on inflation concern; all sectors end in the redon May 14, 2022 at 4:04 am
During the last week, the Indian rupee shed 53 paise to end at 77.44 per dollar on May 13 against its May 6 closing of 76.91.
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SBI profit surges to record on loan growth, cut in provisionson May 14, 2022 at 3:54 am
Loans to individuals rose 15% year on year led by a 11.49% growth in home loans. Retail loans crossed the ₹10 lakh crore mark for the bank during the quarter. Retail loans now make up the largest chunk of the ₹28.18-lakh-crore loan book at 23%.
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LIC allots shares at Rs 949 apieceon May 14, 2022 at 3:51 am
Most retail investors, who have subscribed to the issue, received allotment as the category was subscribed two times. In the retail category, share allotment was done based on the draw of lots. This means 50% of the applicants got allotment of at least 15 shares.
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Indices give up early gains to end in the red for sixth day in a rowon May 14, 2022 at 3:48 am
The Nifty ended down 25.85 points, or 0.2%, at 15,782.15. The Sensex ended down 136.69 points, or 0.3%, at 52,793.62. Both indices had gained as much as 1.7% earlier in the day. Nifty Midcap 100 and Smallcap 100 indices ended 1% higher.
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Adani Power, AU SFB, JSPL and Tata Elxsi join MSCI Indiaon May 14, 2022 at 3:41 am
Some of the stocks that have been included in the smallcap index include Aptus Value HSG Finance, Bharat Dynamics, Easy Trip Planners, Go Fashions India, Greaves Cotton, Greenpanel Industries and Gujarat Alkalies, among others.
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Brokerages bullish on Tata Motors after lower losseson May 14, 2022 at 3:37 am
Motilal Oswal, Axis Capital, Nomura, Kotak Institutional Equities, YES Securities and ICICI Securities maintained a 'buy' rating on the stock; while Morgan Stanley and JP Morgan have maintained 'overweight' stance on the stock.
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Delhivery IPO oversubscribed 1.63x on day 3 on QIB supporton May 14, 2022 at 3:30 am
The Delhivery offer comprises a fresh issue of shares for Rs 4,000 crore and an offer for sale by some existing shareholders aggregating Rs 1,235 crore. The company cut the issue size to Rs 5,235 crore from the Rs 7,460 crore it had planned earlier due to challenging market conditions.
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Eicher Motors Q4 net rises 16% to Rs 610 cr; revenue grows to Rs 3,193 croreon May 13, 2022 at 3:52 pm
Total revenue from operations last quarter stood at an all-time high at Rs. 3,193 crores, which is an increase of 8.6% compared to Rs. 2,940 crores in the year-ago period. EBITDA (Earnings before interest, tax, depreciation and amortisation) went up 19.3% to Rs. 757 crores.
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Buying by FIIs crucial for Nifty to move beyond consolidation zoneon May 13, 2022 at 3:30 pm
Both benchmark indices ended the week with losses. The Nifty50 lost about 3.83 per cent, while the 30-share Sensex declined 3.72 per cent. The broader market also saw selling.
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Escorts net falls 26% to Rs 202.2 crore in Q4FY22on May 13, 2022 at 2:14 pm
Total revenue from operations during the quarter under review fell 15.8% at Rs 1,861.4 crore, on back of decline in sales of tractors and construction equipment.
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UCO Bank clocks near 4-fold jump in profit; plans branch expansionon May 13, 2022 at 2:04 pm
Net profit was Rs 80 crore in the year-ago period. The bank set aside Rs 466 crore as the provision (other than taxes) and contingencies, which were 53% lower than Rs 982 crore in the comparative quarter last year.
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Market Watch: Why is there such a lack of conviction at current levels?on May 13, 2022 at 1:53 pm
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Market movers: Matrimony shares spike 15%; Patel Engineering gets big orderon May 13, 2022 at 1:47 pm
Patel Engineering announced that it has bagged a Rs 2,461 crore contract for the works of “construction of diversion tunnel, concrete gravity dam, intake, pressure shafts, underground Power House & Tailrace Tunnel (Lot 1) for Kwar HE Projects in District Kishtwar, Jammu & Kashmir.
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Wall Street rallies as growth stocks rebound, Twitter slideson May 13, 2022 at 1:35 pm
Growth stocks such as Apple Inc, Google-owner Alphabet Inc, Amazon.com and Nvidia Corp gained between 2.2% and 6.5% after falling for most of the week.
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Eicher Motors Q4 Results: Profit rises 16% YoY to Rs 610 croreon May 13, 2022 at 12:44 pm
Total revenue from operations stood at Rs 3,193.32 crore, up 8.60 per cent against Rs 2,940.33 crore the firm reported in the year-ago quarter.
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Rajat Sharma on why he will avoid financials & L&T, buy FMCG stocks nowon May 13, 2022 at 12:16 pm
“The fear really is not of margin pressures. The fear really is that a lot of companies which have provisioned for or reduced provisions in the last two years could see a lot of their debt going bad if interest rates go up so aggressively as they are likely to. I do not see why anybody in their right mind would look to add banking and financial services stocks at this point.”
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Damani's D-Mart likely to see 18% YoY revenue growth in Q4, sales to be down sequentiallyon May 13, 2022 at 12:12 pm
Avenue Supermarts, which runs D-Mart stores popular in Western India, will announce its quarterly numbers on Saturday.
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Stock market update: Stocks that hit 52-week lows on NSE in today's tradeon May 13, 2022 at 11:56 am
Hindalco, JSW Steel, SBI, NTPC and ICICI Bank were among the top losers on NSE in today's trade.
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BoB reports net profit of Rs 1,779 cr against Rs 1,047-cr loss in Q4FY21on May 13, 2022 at 11:53 am
The total income during January-March period of 2021-22, was down at Rs 20,695.90 crore, as against Rs 21,501.94 crore in the same period of 2020-21, Bank of Baroda (BoB) said in a regulatory filing.
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Stock market update: Mining stocks up as market fallson May 13, 2022 at 11:51 am
The 30-share BSE Sensex closed down 136.69 points at 52793.62
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Stock market update: Fertilisers stocks up as market fallson May 13, 2022 at 11:46 am
The 30-share BSE Sensex closed down 136.69 points at 52793.62
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RattanIndia Power Q4 Results: Firm reports Rs 306 crore losson May 13, 2022 at 11:44 am
Total income during the quarter came down to Rs 1,032.75 crore from Rs 1,343.26 crore in the same period a year ago.
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Emami Q4 Results: Consolidated net profit at Rs 354cr on hefty MAT crediton May 13, 2022 at 11:40 am
The company said owing to the recognition of the MAT credit entitlement of the earlier years, tax liability was lower and net profit higher by Rs 230.33 crore.
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Tech View: Bulls lack strength; Nifty may break below 15,670 next weekon May 13, 2022 at 11:38 am
Nifty50 gave up around 300 points from the intraday high of 16,083, which hints at a lack of conviction on the part of bulls about the sustainability of upmove at higher levels, said Mazhar Mohammad of Chartviewindia.in.
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Stock market update: FMCG stocks up as market fallson May 13, 2022 at 11:36 am
The 30-share BSE Sensex closed down 136.69 points at 52793.62
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Stock market update: Stocks that hit 52-week highs on NSE in today's tradeon May 13, 2022 at 11:21 am
Avro India, Silver Touch Tech, Penta Gold, Impex Ferro Tech and Lexus Granito(India), hit their fresh 52-week highs during the day.
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SBI asset quality has improved, loan growth in double digits: Saurabh Jainon May 13, 2022 at 11:20 am
“There has been an aging of some of the loans. In the last quarter also, loan loss provision was higher and this time around I guess the same thing must have happened because the slippages have been managed quite well by the bank and the NPA figures have also come down.”
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Cryptocurrencies melt down in a 'perfect storm' of fear and panicon May 13, 2022 at 11:16 am
Cryptocurrency prices reached a peak late last year and have since slid as fears over the economy grew.
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Stock market update: Power stocks up as market fallson May 13, 2022 at 11:15 am
The 30-share BSE Sensex closed down 136.69 points at 52793.62
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Share market update: Most active stocks in today's market in terms of volumeon May 13, 2022 at 11:05 am
The NSE Nifty index closed 25.85 points down at 15782.15
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Twitter plunges 22% in pre-market trade after Musk tweets buyout deal temporarily on holdon May 13, 2022 at 10:51 am
At current premarket levels, Twitter is trading at a ~35% discount to Musk's $54.20 per share offer price. Also, it is trading below where the stock was prior to Musk revealing an over 9% stake in early April.
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Share market update: Most active stocks of the day in terms of traded valueon May 13, 2022 at 10:50 am
The NSE Nifty index closed 25.85 points down at 15782.15
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Stock market update: Sugar stocks up as market fallson May 13, 2022 at 10:45 am
The 30-share BSE Sensex closed down 136.69 points at 52793.62
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Tech Mahindra Q4 Results: Profit surges 39% YoY to Rs 1,506 cr, beats estimateson May 13, 2022 at 10:39 am
The company said its revenue was at Rs 12,116 crore, up 24.5 per cent against Rs 9,730 crore in the year ago quarter. Ebitda of the company advanced 7.2 per cent to Rs 20,88 crore.
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Sensex drops for 6th day in a row, ends 137 pts lower; Nifty below 15,800on May 13, 2022 at 10:35 am
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Freaky Friday on D-St! Sensex plunges nearly 1,000 pts from day’s peak; Nifty ends below 15,800on May 13, 2022 at 10:29 am
The BSE benchmark Sensex fell nearly 1,000 points from the day's high, ending 136.69 points or 0.26 per cent lower at 52,793.62. Its broader peer, the Nifty 50, settled 40 points lower, below the 15,800 mark.
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Indian exchanges delist LUNA after 100% crash in tokenon May 13, 2022 at 10:24 am
LUNA has tanked to merely a few decimal cents from its peak of $118, wiping out 100 per cent wealth of the investors. Overall, the token has wiped out $40 billion from their pockets.
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First initiation on RateGain Tech suggests 45% upside for this recent debutanton May 13, 2022 at 10:12 am
The brokerage in its coverage initiation report late last month said in a highly fragmented market, we believe RateGain Tech is well placed to increase its wallet share versus peers, as well as, in-house technology teams of enterprise customers, given its relationships with marquee clients, cross-selling opportunities, and innovative products.
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HCL Tech expecting some margin pressure going ahead: C Vijayakumaron May 13, 2022 at 10:12 am
“We are looking at how to co-create innovation through ecosystem partners. We are looking at automation. We are looking at solution accelerators. Of course, we have been doing these things over a period of time but we continue to focus on them and enhance them so that the products and services remain differentiated and we end up creating more and more value for our clients.”
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Expect a bear rally before markets fall further: BofAon May 13, 2022 at 10:02 am
"Fear and loathing suggest stocks prone to imminent bear market rally but we do not think ultimate lows have been reached", the team led by Chief Investment Strategist Michael Hartnett argued.
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Nomura offers its first bitcoin derivatives, just as crypto markets tumbleon May 13, 2022 at 9:59 am
The trades, executed on the CME by crypto asset trading firm Cumberland DRW this week, were the Japanese investment bank's first digital asset trades, said Nomura's head of markets, Asia ex-Japan, Rig Karkhanis in a statement.
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Coinbase suffers major outage, Binance halts Terra Luna crypto tradingon May 13, 2022 at 9:57 am
"We are aware that some customers are having issues trading and accessing accounts on Coinbase and Coinbase Pro. Your funds are safe, and we are actively working on the issue. We'll provide an update here soon," said Coinbase.
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Bitcoin set for record losing streak as 'stablecoin' collapse crushes cryptoon May 13, 2022 at 9:54 am
Bitcoin, the largest cryptocurrency by total market value, managed to bounce in the Asia session and traded at $30,300 at 0623 GMT, up 5%. It has staged something of a recovery from a 16-month low of around $25,400 reached on Thursday.
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Bandhan Bank Q4 results: Net profit jumps multi-fold to Rs 1,902 croreon May 13, 2022 at 9:52 am
Total income of the bank in Q4FY22 rose by 43 per cent to Rs 3,504.2 crore, as against Rs 2,457.4 crore in the same period of FY21, Bandhan Bank said in a regulatory filing.
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Is L&T on track to double revenues by FY25? SN Subrahmanyan answerson May 13, 2022 at 9:06 am
“The EPC business will continue to grow in the 11-13% range. From Rs 110,000 crore, it will go to Rs 1,90,000-2,00,000 crore by 2026. The manufacturing and hi-tech precision manufacturing business will continue to grow between 12% and 15%. crore. The service businesses are LTI, Mindtree and LTTS, which are in the region of $4.2 billion and will double to nearly $8-9 billion. ”
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Brookfield-backed PIL, GAIL sign initial pact for hydrogen collaborationon May 13, 2022 at 9:23 am
The MoU aims at collectively exploring the feasibility, desirability and viability of hydrogen as a source of energy and thus build a partnership between the companies, official sources said.
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Brookfield-backed PIL, GAIL sign initial pact for hydrogen collaborationon May 13, 2022 at 9:23 am
The MoU aims at collectively exploring the feasibility, desirability and viability of hydrogen as a source of energy and thus build a partnership between the companies, official sources said.
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Brookfield-backed PIL, GAIL sign initial pact for hydrogen collaborationon May 13, 2022 at 9:23 am
The MoU aims at collectively exploring the feasibility, desirability and viability of hydrogen as a source of energy and thus build a partnership between the companies, official sources said.
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Spices maker Rakesh group net profit up 16% in FY#39;22 at Rs 39 crore; revenue up 19 pc to Rs 510 croreon May 13, 2022 at 9:21 am
In a statement, Rakesh group said its revenue increased 19 per cent to Rs 510 crore in the 2021-22 fiscal year, from Rs 427 crore in the preceding year. The company targets to double its revenue to Rs 1,000 crore by 2025, the statement added.
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LT bags order from Rajasthan govton May 13, 2022 at 8:58 am
According to LT’s project classification, the value of the order falls between Rs 1,000-2,500 crore.
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Govt raises $2.7 billion as LIC prices IPO at Rs 949; listing next weekon May 13, 2022 at 7:32 am
Life Insurance Corporation of India shares have been priced at 949 rupees each, the state-run firm said in a prospectus filed Friday. LIC shares were offered at 902 rupees to 949 rupees apiece. Trading on the stock exchange is due to begin May 17.
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LIC Housing Finance ups home loan interest rate by 20 bps for select borrowerson May 13, 2022 at 7:19 am
For borrowers with CIBIL score of 700 and above, the rate hike has been limited to only 20 bps, LIC Housing Finance said in a statement, adding that the revised rates are applicable from Friday.
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Zipaworld Innovation plans to raise $0.5 million at $14 million valuationon May 13, 2022 at 5:39 am
The startup plans to harness the funds to mobilise and accelerate AI and ML-based logistics and supply chain services, anticipating market trends and risks as well as to support consequent research and development, among others, it said in a statement.
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Zydus Lifesciences launches drug for treating bad cholesterolon May 13, 2022 at 4:39 am
Bemdac (Bempedoic acid) is a new class of drug which is orally administered and offers a new line of treatment for patients suffering from uncontrolled levels of LDL-Cholesterol (LDL-c) despite lifestyle modifications and the use of maximum tolerated dose of statins, which form the cornerstone of dyslipidemia management, the company said in a regulatory filing.
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NHPC awards contracts for 1,000-MW solar projecton May 13, 2022 at 4:15 am
NHPC Ltd has awarded EPC contracts for development of grid connected solar PV project (1,000 MW capacity) and transmission line for power evacuation to ISTS sub-station along with comprehensive operations and maintenance for 5 years under Tranche-III of CPSU Scheme Phase-11, it said.
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Airtel, Jio drive telecom subscriber base to 116.6 crore in Marchon May 13, 2022 at 4:11 am
Bharti Airtel and Reliance Jio led new customer additions in both mobile telephony as well as fixed line services segment in March.
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Airtel, Jio drive telecom subscriber base to 116.6 crore in Marchon May 13, 2022 at 4:11 am
Bharti Airtel and Reliance Jio led new customer additions in both mobile telephony as well as fixed line services segment in March.
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Increasing production capacity in India to start exporting devices this year: Vivo Indiaon May 13, 2022 at 4:09 am
Vivo India director, business strategy, Paigam Danish told PTI that the company will make its flagship device Vivo X80 series also in India where it plans to increase annual production capacity to 60 million devices per annum by end of this year from 50 million in 2021.
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Morning Scan: All the big stories to get you started for the dayon May 13, 2022 at 2:09 am
A round-up of the biggest articles from newspapers
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Crypto meltdown deepens as stablecoin Tether drops below dollar pegon May 12, 2022 at 2:22 pm
Cryptocurrencies have been swept up in a sell-off across higher risk assets, which has picked up steam this week as data showed U.S. inflation running hot, deepening investor fears about the economic impact of aggressive central bank tightening.
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More lives lost in road accidents than in war: V K Singhon May 13, 2022 at 9:15 am
Addressing an event organised by industry body Assocham, Singh said road safety is the most important issue which the government needs to tackle.
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More lives lost in road accidents than in war: V K Singhon May 13, 2022 at 9:15 am
Addressing an event organised by industry body Assocham, Singh said road safety is the most important issue which the government needs to tackle.
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Sri Lanka#39;s new Prime Minister Ranil Wickremesinghe says he looks forward to closer ties with Indiaon May 13, 2022 at 4:33 am
Ranil Wickremesinghe, 73, was sworn-in as Sri Lanka#39;s 26th prime minister on Thursday to stabilise the country#39;s debt-ridden economy and end the political turmoil.
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US in close touch with India on standing up against Russian aggression: White Houseon May 13, 2022 at 12:57 am
"We continue to remain in close touch with India about our efforts to rally the world to stand up against Russian aggression. That means implementing and abiding by sanctions that have been put in place," White House Press Secretary Jen Psaki told reporters at her daily news conference.
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US in close touch with India on standing up against Russian aggression: White Houseon May 13, 2022 at 12:57 am
"We continue to remain in close touch with India about our efforts to rally the world to stand up against Russian aggression. That means implementing and abiding by sanctions that have been put in place," White House Press Secretary Jen Psaki told reporters at her daily news conference.
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Congress has capability, leadership to reform from within: Bhupinder Singh Hoodaon May 12, 2022 at 6:07 am
In an interview with PTI ahead of the party#39;s three-day #39;Chintan Shivir#39; starting in Rajasthan#39;s Udaipur on Friday, Bhupinder Singh Hooda, who was among the 23 leaders who wrote to party chief Sonia Gandhi for an organizational overhaul in 2020, exuded confidence that the brainstorming session would throw up solutions to all the issues facing the party.
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Congress has capability, leadership to reform from within: Bhupinder Singh Hoodaon May 12, 2022 at 6:07 am
In an interview with PTI ahead of the party#39;s three-day #39;Chintan Shivir#39; starting in Rajasthan#39;s Udaipur on Friday, Bhupinder Singh Hooda, who was among the 23 leaders who wrote to party chief Sonia Gandhi for an organizational overhaul in 2020, exuded confidence that the brainstorming session would throw up solutions to all the issues facing the party.
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Delhi: Consumers to have online, offline routes to opt for or out of power subsidyon May 12, 2022 at 3:45 am
Last week, Delhi Chief Minister Arvind Kejriwal had announced that consumers will be provided power subsidy if they demand it.
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Morning Scan: All the big stories to get you started for the dayon May 12, 2022 at 1:59 am
A round-up of the biggest articles from newspapers
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Morning Scan: All the big stories to get you started for the dayon May 12, 2022 at 1:59 am
A round-up of the biggest articles from newspapers
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Nepal to inaugurate its largest convention centre during PM Modi#39;s visit on May 16on May 12, 2022 at 1:40 am
Nepali Prime Minister Sher Bahadur Deuba is scheduled to inaugurate the convention centre in Lumbini, a World Heritage site in the presence of his Indian counterpart, officials said. The convention-cum-meditation centre has been constructed under the national project of Lumbini Development Master Plan.
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Two encounters between militants and security forces in Jammu and Kashmiron May 11, 2022 at 1:12 pm
There were no reports of any casualties in either of the operations so far, police spokesman said adding further details were awaited.
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3 networks in collusion with govt officials taking money to get FCRA clearance for NGOson May 11, 2022 at 11:32 am
In a countrywide crackdown on Tuesday, the CBI searched 40 locations and apprehended around 14 people, including home ministry officials, NGO representatives and alleged middlemen, for their suspected involvement in the racket.
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PM Modi pays tributes to scientists on Pokhran tests anniversaryon May 11, 2022 at 6:06 am
The day is observed to mark the successful nuclear tests in Pokhran.
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PM Modi pays tributes to scientists on Pokhran tests anniversaryon May 11, 2022 at 6:06 am
The day is observed to mark the successful nuclear tests in Pokhran.
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Wall Street rallies, weekly losing streak continueson May 14, 2022 at 3:41 am
The Dow Jones Industrial Average rose 466.36 points, or 1.47%, to 32,196.66, the SP 500 gained 93.81 points, or 2.39%, to 4,023.89 and the Nasdaq Composite added 434.04 points, or 3.82%, to 11,805.
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Wall Street rallies, weekly losing streak continueson May 14, 2022 at 3:41 am
The Dow Jones Industrial Average rose 466.36 points, or 1.47%, to 32,196.66, the SP 500 gained 93.81 points, or 2.39%, to 4,023.89 and the Nasdaq Composite added 434.04 points, or 3.82%, to 11,805.
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Asian shares trim weekly losses, dollar steady near 20-year highson May 13, 2022 at 4:42 am
Those concerns ultimately overcame hopes on Wall Street that high inflation might be peaking, pushing the SP 500 close to confirming a bear market on Thursday, at nearly 20% off its January all-time high.
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Wall Street whipsaws, SP closes lower on worries of prolonged inflationon May 13, 2022 at 12:44 am
All three major U.S. stock indexes seesawed and the SP 500 came within striking distance of confirming it entered a bear market after swooning from its all-time high reached on Jan. 3.
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Shares churn, close down; yields fall after US inflation dataon May 12, 2022 at 12:43 am
U.S. equity had indexes churned higher and lower during the session as investors picked through U.S. inflation data for clues about the Federal Reserve#39;s rate hiking path.
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Asian shares inch up from near two-year lows ahead of US inflation dataon May 11, 2022 at 3:27 am
MSCI#39;s broadest index of Asia-Pacific shares outside Japan rose 0.45%, trading marginally above its lowest level since July 2020 touched the day before. Japan#39;s Nikkei gained 0.3%.
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Equities bounce back while yields, oil prices dropon May 11, 2022 at 1:00 am
U.S. Treasuries rallied, with the yield on the benchmark 10-year note tumbling from more than a three-year high to below 3% as the market reassessed the inflation outlook a day before U.S. consumer price index (CPI) data is released.
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SP 500, Nasdaq end higher in choppy session as inflation data loomson May 11, 2022 at 12:44 am
Bank shares fell along with yields. The benchmark 10-year note yield dropped from more than a three-year high to below 3%.
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SP 500, Nasdaq end higher in choppy session as inflation data loomson May 11, 2022 at 12:44 am
Bank shares fell along with yields. The benchmark 10-year note yield dropped from more than a three-year high to below 3%.
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Nasdaq 100 rout erases $1.5 trillion in market value in 3 dayson May 10, 2022 at 4:08 am
The tech-heavy benchmark sank 4% on Monday, extending its decline to 10% since the Federal Reserve raised interest rates half a percentage point last week and Chair Jerome Powell signaled the Fed would continue hiking at that pace.
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Asian stocks hit 2-year low on rate hike worrieson May 10, 2022 at 1:10 am
MSCI#39;s broadest index of Asia-Pacific shares outside Japan was down 0.8%, falling for a seventh straight session and extending declines to 17% so far this year.
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Asian stocks hit 2-year low on rate hike worrieson May 10, 2022 at 1:10 am
MSCI#39;s broadest index of Asia-Pacific shares outside Japan was down 0.8%, falling for a seventh straight session and extending declines to 17% so far this year.
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SP 500 ends below 4,000 for 1st time since March 2021; growth shares lead declineon May 10, 2022 at 12:37 am
The Nasdaq closed at its lowest level since November 2020. Apple shares dropped 3.3% and were the biggest weight on the Nasdaq and the SP 500. Microsoft Corp dropped 3.7% and Tesla Inc fell 9.1%.
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Asia stocks in gloomy mood as Wall Street futures slipon May 9, 2022 at 12:38 am
"A series of rate hikes and hawkish communication came against a backdrop of plummeting Chinese and European activity, new plans for Russian energy bans and continued supply-side pressures," warned analysts at Barclays.
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Asian shares slide after Wall Street frets over rate hike consequenceson May 6, 2022 at 2:47 am
The market fears that the U.S. Federal Reserve and some other major central banks will have to raise interest rates even more aggressively than planned to combat red-hot inflation, potentially pushing economies into a recession.
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