Friday, March 14, 2025

Creating liberating content

Docusign rose more than 14% after reporting stronger-than-expected earnings after

Demyan Ganul was shot dead in Odessa. Well-known Ukrainian activist

Former Congress MLA and Congress leader Bamber Thakur NEW DELHI:

Related News

Sudiksha Konanki disappearance case takes a new twist as Joshua Riibe claims he saved her from drowning. The person of interest in the case of the mysterious disappearance of Sudiksha

Docusign rose more than 14% after reporting stronger-than-expected earnings after the bell Thursday. “We’ve really stabilized and I think started to turn the corner on the core business,” CEO Allan

Demyan Ganul was shot dead in Odessa. Well-known Ukrainian activist Demyan Ganul was shot and killed in central Odessa on Thursday. The attack took place on Aleksandrovsky Prospekt, where an

Former Congress MLA and Congress leader Bamber Thakur NEW DELHI: Former Congress MLA Bamber Thakur was shot at by unidentified assailants at his residence on Friday, police said. Thakur, along

Infosys co-founder Narayana Murthy has said it has “become a fashion” in India to talk about artificial intelligence (AI) for everything, emphasising that most “so-called AI things are silly, odd

Markus Söder (l-r), Chairman of the CSU and Minister President of Bavaria, Friedrich Merz, candidate for Chancellor of the CDU/CSU, Chairman of the CDU/CSU parliamentary group and Federal Chairman of

Trending News

NEW DELHI: Chartered accountants’ apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting estimated to be Rs 2,100 crore. The private

NEW DELHI: LG Electronics India, a subsidiary of the South Korean chaebol LG, has received markets regulator Sebi’s approval for its Rs 15,000 crore initial public offering (IPO), people familiar

MUMBAI: India’s financial sector is embracing generative AI at pace, with banks, insurers, and non-bank lenders deploying it to cut costs and improve efficiency. An EY report suggests productivity gains

NEW DELHI: The Centre has asked Elon Musk’s satellite venture Starlink to set up a control centre in India to enable suspension or shutdown of communications services in sensitive and

India’s dollar stockpile had its biggest weekly gain in over three years, bolstered by RBI’s currency swap operations last month. Foreign exchange reserves grew by $15.3 billion to nearly $654

NEW DELHI: India will be the world’s third largest economy by 2028 as it becomes the world’s most sought-after consumer market and gains share in global output, a Morgan Stanley

Wall street in red as US stocks tumble down amid tariff war and economic fears

Word Count: 796 | Estimated Reading Time: 4 minutes


Wall street in red as US stocks tumble down amid tariff war and economic fears

Wall Street took another hit on Thursday rattled by a fresh wave of sell offs rattled. The US market, which was already on the edge over US tariffs and economic uncertainty, suffered massive lows as the Dow Jones Industrial Average dropped 427 points (1 per cent) to 42,579.08, while the Nasdaq fell 483.48 points to 18,069.26, 2.6 per cent down at the end of the day.
The S&P 500 index slid 1.8 per cent or 104.11 points to 5,738.52, resuming its recent downturn after a brief recovery spell the previous day.
Stocks kept falling despite US President Donald Trump’s decision to delay the 25 per cent tariff on Mexican, Canadian and Chinese imports for one month. Investors found little relief, though concerns persisted over whether Trump is using tariffs as a negotiation strategy or if an extended trade war is unavoidable.
Despite hopes for a softer stance, Trump is still pressing ahead with additional tariffs set to take effect on 2nd April. The constant back-and-forth tariff imposition has also fuelled the market uncertainty as earlier.
Yung-Yu Ma, chief investment officer at BMO Wealth Management said, “These exemptions don’t do much to resolve the general air of uncertainty.” He further added that businesses will continue to opt for a cautious stance in the current scenario until the tariff picture is clear.
US firms are already struggling with the instability, while consumers brace for rising prices.
All eyes are now on the US jobs report, a key indicator of economic health. So far, strong hiring and consumer spending have helped prevent a recession, and economists expected hiring to ramp up in February.
However, some major retailers are flashing warning signs. Macy’s reported lower-than-expected revenue for the end of 2024, despite profits beating forecasts. It also issued a weaker profit outlook for 2025, sending its shares down 0.7 per cent.
Victoria’s Secret followed a similar path, beating Q4 estimates but forecasting disappointing revenue for the year ahead, which caused its stock to plunge 8.2 per cent.
Some of Wall Street’s biggest tech firms are also falling.
Chipmakers, which soared in recent years due to the artificial intelligence (AI) boom, also took a heavy hit. Marvell Technology fell almost 20 per cent despite recording better-than-expected earnings and predicting over 60 per cent revenue growth this quarter. Even Nvidia, the face of the AI revolution, fell 5.7 per cent, while Broadcom slid 6.3 per cent ahead of its earnings release.
These firms are also facing increasing competition with Chinese companies ramping up their own AI development.
European markets showed mixed results after the European Central Bank cut interest rates as expected. Germany’s DAX rose 1.5 per cent, while shares across Asia also gained, including a 3.3 per cent jump in Hong Kong and a 1.2 per cent rise in Shanghai.
In the bond market, the 10-year US Treasury yield edged up slightly to 4.29 per cent from 4.28 per cent on Wednesday.





Source link

Sign In

Welcome ! Log into Your Account