US equities showed significant moves to the downside on Friday, with the tech-heavy Nasdaq tumbling to its lowest closing level in almost a month. The major averages finished the day near their lows of the session. The Nasdaq plummeted 436.83 points or 2.6 percent to 16,690.83, the S&P 500 plunged 94.99 points or 1.7 percent to 5,408.42 and the Dow slumped 410.34 points or 1.0 percent to 40,345.41. For the holiday-shortened week, the Nasdaq saw a 5.8 percent nosedive, the S&P 500 plummeted by 4.3 percent and the Dow tumbled by 2.9 percent.
Posts in category Business Standard
Mazagon Dock Shipbuilders bags Rs 1,486-cr order from ONGC (09-09-2024)
The ship building company announced that it has received a notification of award of contract worth Rs 1,486.40 crore from Oil & Natural Gas Corporation (ONGC).
SpiceJet shares fly 5.5% in trade; here is what is driving the stock (09-09-2024)
Large deals of 1.5 million shares take place in SpiceJet, the company plans QIP, restructuring, and settlement with Carlyle Aviation
Ion Exchange shares rise after winning order worth Rs 168 cr; check details (09-09-2024)
Ion Exchange share price surged up to 3 per cent to record an intraday high of Rs 685.20 per share on the BSE on Monday
Hindustan Unilever stock hits new high, up 1%; here’s why (09-09-2024)
The company’s board appointed a committee to evaluate the future of its ice cream business and also accorded its approval to explore potential structures and alternatives for the same.
Spicejet rallies after inking pact with CAML to restructure exisiting debt worth $137.68 million (09-09-2024)
Spicejet jumped 4.72% to Rs 64.36 after the company has entered into a term sheet with Carlyle Aviation Management (CAML) to restructure certain aircraft lease obligations of SpiceJet aggregating to $137.68 million as on 30 June 2024.
Broader mkt underperforms; PSU banks slide (09-09-2024)
At 10:30 IST, the barometer index, the S&P BSE Sensex, shed 23.38 points or 0.03% to 81,160.55. The Nifty 50 index lost 12.10 points or 0.05% to 24,840.05.
Granules India’s Gagillapur facility completes USFDA inspection with 6 observations (09-09-2024)
Granules India announced that its facility in Gagillapur, Hyderabad, Telangana was inspected by US Food & Drug Administration (USFDA) from 26 August 2024 to 5 September 2024.
These 2 chart patterns signal more pain likely for Nifty; can break 24,000 (09-09-2024)
The Nifty weekly chart saw formation of a ‘Bearish Engulfing’ pattern last week; earlier the monthly chart saw ‘Hanging Man’ structure. Both patterns technically indicate a likely trend reversal.
Here’s why RBM Infracon stock was locked in 5% upper circuit today; details (09-09-2024)
The uptick in the RBM Infracon stock price came after the company announced that it has bagged an order worth Rs 3,498 crore from Oil and Natural Gas Corporation (ONGC).