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Wall Street struggled on Thursday, heading toward a rare three-day losing streak as investors digested stronger-than-expected US economic data and corporate results.The S&P 500 fell 0.7% in early trading, marking a deeper decline than the previous two days, while the Dow Jones Industrial Average was down 107 points, or 0.2%, and the Nasdaq composite slid…
IT stocks fell for a third consecutive day on Wednesday, as concerns over a sharp increase in US H-1B visa fees continued to weigh on investor sentiment. The BSE IT index dropped 0.69 per cent to 34,529.91.Mastek Ltd plunged 3.42 per cent, Infobeans Technologies declined 3.41 per cent, Wipro lost 2.06 per cent, Tech Mahindra…
Rupee depreciated by 7 paise to 88.80 against the US dollar in early trade on Wednesday, hovering near its all-time low amid US tariff concerns, H-1B visa fee hikes, and persistent foreign fund outflows.At the interbank foreign exchange, the rupee opened at 88.80 and touched 88.71 in initial trades. On Tuesday, it had fallen 45…
The Indian rupee slipped to a record low of 88.75 against the US dollar on Tuesday, a fall of 47 paise that exporters said will improve price competitiveness in global markets, even as they flagged risks from volatility and higher import costs.Import-heavy sectors such as gems and jewellery, petroleum and electronics may derive limited benefit…
Rupee slips 25 paise to an all-time intraday low of 88.53 against the US dollar in early trade on Tuesday, as concerns over enhanced US tariffs on Indian goods and the new $100,000 H-1B visa fee weighed on investor sentiment.Forex traders said that global risk aversion and trade policy uncertainty further exacerbated the rupee’s decline.At…
US stocks slipped on Monday as Wall Street took a breather following a string of record highs last week. The S&P 500 dipped 0.2%, the Dow Jones Industrial Average fell 228 points, or 0.5%, and the Nasdaq composite eased 0.1% as of 9:35 a.m. Eastern time, AP reported. All three indexes had hit fresh all-time…
Asian markets traded mixed on Wednesday as investors turned their focus to the US Federal Reserve, which is widely expected to announce its first interest rate cut of the year. Japan’s Nikkei 225 rose 0.2% to 44,995.79 in morning trade. However, government data showed that Japanese exports to the US dropped 13.8% in August from…
