Wall Street slid, weighed down by a broad-based slump in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Procter & Gamble.
The benchmark S&P 500 index posted slight gains but IBM’s disappointing results and a sell-off in semiconductor stocks weighed on the Nasdaq and the Dow.
Modi arrived at 10 Downing Street for a breakfast meeting with May during which the two leaders are expected to discuss issues like terrorism, visas and immigration.
At 9:41 am ET, the Dow Jones Industrial Average .DJI was up 0.92 percent at 24,799.54.
US stock index futures rose as strong earnings from Netflix, J&J and UnitedHealth boosted optimism over what is expected to be the strongest earnings season in 7 years.
At 9:53 a.m. ET, the Dow Jones Industrial Average .DJI was up 0.59 percent at 24,502.89.
US stock index futures rose as investors bet the weekend’s U.S.-led missile attack on Syria would not escalate into a broader conflict.
Wall Street is hoping that first-quarter earnings growth and corporate forecasts are strong enough to bring the FAANG group of stocks back into favour.
Wall Street major indexes fell morning, erasing all their gains coming out of the opening bell as JPMorgan led a sharp reversal in financial stocks.
Investors are optimistic that a pickup in corporate acquisitions stands to support the volatile US stock market.
Aditya Birla Group May Raise $1 Bn To Repay Regulatory Dues
AB Group To Sell Stake & Promoter Entities Of Co
In Talks With Large PE Funds
Deal Will Let AB Group Maintain Current Shareholding
PE Investors To Get Indirect Stake In Idea
Bags Orders For Rural-Urban Electrification Project
Project worth Rs 3577.93 Cr
Projects under Saubhagya Yojna
Projects to be completed within 15 months
Board Meeting On April 19 To Consider Various Bids Received
CKP Financial Open Offer To Acquire 1.39 Cr Shares Of Co
Offer Represents 25.02% Stake, With Price Of Rs 400/Sh
To make an investment of rs 500 cr in GIFT City
Will develop about 1,000 housing units in GIFT City
Residential footprint rises to 10 cities with investment