Highlights

  • Fed raises risk of a slowdown in the United States
  • Nasdaq down over 34% from record high
  • Nasdaq Composite recorded 779 new lows.

Latest news

NDA, INDIA bloc MPs hold protest marches in parliament premises over Ambedkar issue

NDA, INDIA bloc MPs hold protest marches in parliament premises over Ambedkar issue

New Zealand falls into recession with abrupt economic slowdown

New Zealand falls into recession with abrupt economic slowdown

Fadnavis and Shinde Pay Tribute at RSS Founders' Memorials in Nagpur, Meet Office-Bearers

Fadnavis and Shinde Pay Tribute at RSS Founders' Memorials in Nagpur, Meet Office-Bearers

Traffic to be affected at Kalindi Kunj junction due to Delhi-Mumbai Expressway construction

Traffic to be affected at Kalindi Kunj junction due to Delhi-Mumbai Expressway construction

Manipur: Security forces bust camps of two banned militant organisations

Manipur: Security forces bust camps of two banned militant organisations

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

13 dead, 99 rescued after Navy boat rams into ferry off Mumbai coast

13 dead, 99 rescued after Navy boat rams into ferry off Mumbai coast

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

US markets collapse, Dow sinks 700 points to year low

Fears of recession grip global markets as central bankers vow to fight inflation

US markets collapse, Dow sinks 700 points to year low

The update from the markets is not a good one! The US markets collapsed in overnight trade falling to a year low as risk or recession and rates hit sentiment. The Dow broke below 30,000 for the first time since Jan. 4.

The Dow dropped 2.42%, S&P 500 slipped 3.25% and the Nasdaq Composite slid 4.08% and touched its lowest level since September 2020.

US markets have suffered steep losses this week. The S&P 500 is down 6%, Nasdaq has fallen 6.1%. US markets are on pace for 11th losing week of the last 12.


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