Highlights

  • Tech stocks take the biggest hit
  • Stocks reverse gains as data indicates weakness
  • Fed rate hike fears grips Wall Street

Latest news

BSE listed companies' market capitalisation hits $4 trillion for the first time ever

BSE listed companies' market capitalisation hits $4 trillion for the first time ever

Byju’s valuation: Prosus slashes it to below $3 billion

Byju’s valuation: Prosus slashes it to below $3 billion

Gautam Adani returns to top 20 rich list amid stock surge

Gautam Adani returns to top 20 rich list amid stock surge

'What about aarti?': Gujarat HC rejects ban on loudspeakers at mosques

'What about aarti?': Gujarat HC rejects ban on loudspeakers at mosques

Data loss hits Google Drive users; Google responds

Data loss hits Google Drive users; Google responds

US markets see sharp cuts, bear market loses its bounce

Markets doubtful if the the global economy can face bigger rate hikes
US markets see sharp cuts, bear market loses its bounce

US markets see sharp cuts as the bear market rally loses its steam. The blue-chip Dow Jones Industrial Average fell 1.56%, the S&P 500 dropped 2.01% and the Nasdaq Composite was the laggard, down 3%.

Weak economic data made the market reverse all early gains as bets rise on aggressive hikes from the Fed. The consumer confidence index fell to a reading of 98.7, down from 103.2 in May.

Beyond equities; oil pushed past $112 a barrel on supply risks and Bitcoin striggled around $20,000 as sentiment continues to be sour around digital tokens.

Up Next

US markets see sharp cuts, bear market loses its bounce

US markets see sharp cuts, bear market loses its bounce

Gautam Adani returns to top 20 rich list amid stock surge

Gautam Adani returns to top 20 rich list amid stock surge

BSE listed companies' market capitalisation hits $4 trillion for the first time ever

BSE listed companies' market capitalisation hits $4 trillion for the first time ever

Byju’s valuation: Prosus slashes it to below $3 billion

Byju’s valuation: Prosus slashes it to below $3 billion

Uttarakhand Tunnel Rescue: From Gautam Adani to Anand Mahindra, here's what business leaders had to say

Uttarakhand Tunnel Rescue: From Gautam Adani to Anand Mahindra, here's what business leaders had to say

Barclays set to slash 900 Jobs in UK: Report

Barclays set to slash 900 Jobs in UK: Report

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OpenAI unlikely to grant board seats to Microsoft, signals governance shift: Report

OpenAI unlikely to grant board seats to Microsoft, signals governance shift: Report

Apple to terminate credit card partnership with Goldman Sachs: Reports

Apple to terminate credit card partnership with Goldman Sachs: Reports

Charlie Munger, investing legend and Warren Buffett's right-hand man passes away at 99

Charlie Munger, investing legend and Warren Buffett's right-hand man passes away at 99

Markets climb in early trade as foreign fund inflows; IREDA makes a bumper debut on bourses

Markets climb in early trade as foreign fund inflows; IREDA makes a bumper debut on bourses

Gold, Silver Rates today November 29, 2023: Check Prices in Mumbai, Delhi, Chennai

Gold, Silver Rates today November 29, 2023: Check Prices in Mumbai, Delhi, Chennai

Private Bank Recruitment: Over 50,000 junior officers to be hired to battle FY23 attrition

Private Bank Recruitment: Over 50,000 junior officers to be hired to battle FY23 attrition

TCS share buyback: Dates, share price; here's all you need to know

TCS share buyback: Dates, share price; here's all you need to know

Pakistan's rupee braces for tough year after 20% fall in 2023

Pakistan's rupee braces for tough year after 20% fall in 2023

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