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Infosys ADRs plunge over 7%, Wipro down 5% as tech turbulence deepens on Wall Street
The Economic Times· 2026-02-12 16:28
Market Overview - The broader US tech sector experienced significant pressure, with the Nasdaq Composite dropping over 300 points, or more than 1%, trading at 22,764.90 [1] - The S&P 500 decreased by 0.6% to 6,902.80, while the Dow Jones Industrial Average fell by 249.27 points, or 0.50%, to 49,872.10 [1] Company Performance - Cisco's stock plummeted by 11%, while major companies such as Apple, Nvidia, and IBM saw declines of up to 6% [2] - Indian IT stocks faced a steep sell-off, with Infosys' American Depositary Receipts (ADRs) dropping more than 7% to an intraday low of $14.59, and Wipro's ADRs falling by 5.4% to $2.26 [3] - The Nifty IT index in India settled 5.5% lower, with all 10 stocks in the index slipping into negative territory [3]
Stocks Turn Lower as Big Tech Names Struggle
Barrons· 2026-01-29 15:12
Core Viewpoint - Technology stocks experienced significant selling pressure, leading to declines in major indices, particularly affecting the tech sector [1] Group 1: Market Performance - The Nasdaq Composite fell by 1.6% [1] - The S&P 500 decreased by 0.8% [1] - The Dow Jones Industrial Average dropped 80 points, equivalent to a 0.2% decline [1] Group 2: Sector Analysis - Despite a majority of stocks in the S&P 500 rising, the tech sector specifically declined by 3% [1] - The iShares Expanded Tech-Software Sector ETF saw a notable decrease of 5.8% [1] Group 3: Company-Specific Impact - Microsoft shares plummeted by 12% following its earnings report [1]
Analysis of Top Stock Market Decliners
Financial Modeling Prep· 2026-01-22 00:00
Core Insights - The stock market has seen significant declines among several companies, particularly Venus Concept Inc., IO Biotech, Inc., and Innovation Beverage Group Limited, with notable shifts in their stock values [1] Company Summaries Venus Concept Inc. (VERO) - The company experienced a 56.4% drop in stock price to $1.94, down from a year high of $14.5 to a low of $1.39 [2] - Challenges affecting investor confidence include the decision to voluntarily delist from the Nasdaq Capital Market and deregister with the SEC [2] IO Biotech, Inc. (IOBT) - IO Biotech's stock price decreased by 55.39% to $0.23, falling from a year high of $2.79 to a low of $0.20 [3] - The company focuses on immune-modulating cancer therapies and is exploring strategic alternatives, including a merger or potential liquidation, to enhance stockholder value [3] Innovation Beverage Group Limited (IBG) - The stock price of Innovation Beverage Group fell by 36.67% to $0.98, down from a year high of $9.85 to a low of $0.85 [4] - The company is pursuing energy expansion efforts and a proposed merger with BlockFuel Energy, aiming to advance its integrated energy and infrastructure strategy [4] Market Overview - The significant price movements of these companies highlight the volatile nature of the stock market and the various factors influencing investor sentiment and company valuations [5]
These stocks were the biggest losers on the S&P 500's worst day in three months
MarketWatch· 2026-01-20 22:08
Market Performance - The S&P 500 index declined by 2.1% on Tuesday, with 80% of its component stocks experiencing declines [1] - The Dow Jones Industrial Average fell nearly 871 points, or 1.8%, closing at 48,488.59 [2] - The Nasdaq Composite Index decreased by 2.4% on the same day [2] Historical Context - The S&P 500's decline was noted as the worst since October 10, when it fell by 2.7% [2]
Stock Market Today, Jan. 20: Nasdaq, S&P 500 fall 2% as Trump's Greenland threats ignite drama with Europe
Yahoo Finance· 2026-01-20 17:33
Market Overview - The U.S. stock market opened with significant declines, with the Nasdaq Composite down 1.66%, Dow down 1.51%, Russell 2000 down 1.50%, and S&P 500 down 1.38% [2] - The S&P 500's decline has put it in the red for the year, reversing a strong start to 2026 [6] Political Impact - The market declines are attributed to President Trump's controversial proposal regarding Greenland, which has escalated tensions with Europe, prompting military responses and trade deal suspensions from several EU countries [3] Fixed Income and Commodity Markets - U.S. Treasury yields have risen above levels seen when the Federal Reserve began cutting rates, with the 10Y Treasury yield up 5.6 basis points to 4.287%, and the 20Y and 30Y yields up 8.8 and 8.3 basis points to 4.88% and 4.923% respectively [4] - Concerns over U.S. colonialism rhetoric may lead to a flight from U.S. assets, impacting Treasury demand and potentially threatening the U.S. reserve currency status [5] - Commodities have seen price increases, with gold up 3.29% to $4,746.80, silver up 6.77% to $94.53, WTI natural gas up 15.46% to $3.115, and WTI crude oil up 1.88% to $60.56 [5]
Nasdaq and Dow set to tumble as Wall Street reacts to Trump's Greenland tariffs
Proactiveinvestors NA· 2026-01-20 13:20
Core Insights - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Bank holiday on 10 January? Are banks open or closed today; check RBI calendar
MINT· 2026-01-10 03:18
Banking Operations - The Reserve Bank of India (RBI) provides an annual holiday calendar indicating key dates when banks will be closed, including specific state holidays [1] - Banks in India are closed on the second and fourth Saturdays of the month, meaning they will be closed on January 10, which is a second Saturday [2] - Upcoming bank holidays include January 24 (fourth Saturday) and all Sundays in January [2] Stock Market Performance - The Sensex index fell nearly 800 points, or 1%, to an intraday low of 83,402 on January 9, marking a continued decline for five consecutive sessions [5] - Over the last five sessions, the Sensex has dropped 2.5%, approximately 2,186 points, while the Nifty 50 also fell by 2.5% as investors became cautious about riskier equities [6] - The decline in the Indian stock market is attributed to concerns over foreign capital outflows, geopolitical tensions, and upcoming Q3 earnings [5][6]
Stocks Are Falling Again, but Defense Shares Are Bouncing Back
Barrons· 2026-01-08 14:34
Market Overview - The Dow Jones Industrial Average decreased by 180 points, or 0.4% [1] - The S&P 500 index fell by 0.1% [1] - The Nasdaq Composite dropped by 0.2% [1] Global Market Influence - Weakness in US futures followed a decline in Asian markets, with Japan, Hong Kong, and India all experiencing a 1% drop [2]
Sensex, Nifty decline in early deals amid persistent foreign fund outflows
The Hindu· 2025-12-30 05:20
Market Overview - The stock market benchmark indices Sensex and Nifty experienced declines in early trade on December 30, 2025, due to persistent foreign fund outflows and a muted trend in global equities affecting investor sentiment [1] - The BSE Sensex fell by 209.32 points to 84,486.22, while the NSE Nifty decreased by 63.25 points to 25,878.85 [1] Company Performance - Among the biggest laggards in the 30-Sensex firms were Eternal, InterGlobe Aviation, Bajaj Finserv, Tata Steel, UltraTech Cement, and Kotak Mahindra Bank [1] - Conversely, Bharti Airtel, Mahindra & Mahindra, Adani Ports, and Reliance Industries were noted as gainers [2] Foreign and Domestic Investment - Foreign Institutional Investors sold equities worth ₹2,759.89 crore on December 29, while Domestic Institutional Investors purchased stocks worth ₹2,643.85 crore [3] Global Market Trends - In Asian markets, Hong Kong's Hang Seng index was in positive territory, while South Korea's Kospi, Japan's Nikkei 225, and Shanghai's SSE Composite index were lower [2] - U.S. markets also ended lower on December 29 [2] Commodity Prices - Brent crude, the global oil benchmark, increased by 0.03% to $61.96 per barrel [3]
Asian stocks today: Markets slip on Wall Street tech slump; oil cools after 2.1% overnight surge
The Times Of India· 2025-12-30 03:31
Market Overview - Silver experienced a significant decline, plunging 8.7%, marking its steepest one-day fall since August 2020, after reaching a peak of $83.62 [2][4] - Despite the drop, silver remains up approximately 150% year-to-date [2][4] - Gold also faced a decline of 4.4% overnight but later recovered slightly, rising 0.6% to $4,356 an ounce [2][4] Stock Market Performance - The MSCI index for Asia-Pacific shares outside Japan slipped 0.1%, yet is on track for a strong annual gain of 26.7%, the best performance since 2017 [2][4] - Japan's Nikkei index fell 0.2% but is still up around 26% for the year [2][4] - Taiwanese stocks declined by 0.7%, and China's blue-chip index dropped 0.3% amid geopolitical tensions [2][4] U.S. Market Dynamics - Wall Street closed lower, with the S&P 500 slipping 0.3% and the Nasdaq 100 falling 0.5%, primarily due to declines in major technology stocks like Tesla, Nvidia, and Meta Platforms [3][4] - Oil prices eased slightly, with Brent crude futures down 0.5% to $61.63 a barrel, following a previous rise of over 2% [3][4] Cryptocurrency Market - Bitcoin has stabilized just below $90,000 after a significant drop from its peak above $126,000 in October [3][4]