Power Breakfast: Weak cues from Global Market, Nasdaq breaks 4.3%, SGX Nifty in red mark
Zee Business Video Team | Updated: May 10, 2022 09:10 am
After Monday, even on Tuesday, there are signs of weakness from the global markets. The US markets have closed once with a fall. After a lot of volatility, the Dow Jones has slipped again and closed. The Dow Jones closed at a 14-month low, down 650 points. The Dow has now fallen 12% from the height and is in the zone of correction. On the other hand, selling in IT continues and Nasdaq has broken more than 4%. Apart from this, selling is dominating in major IT stocks. Amazon's stock lost 5%, while Meta has also lost 3.7%. Apart from this, the alphabet has fallen 2.8%. At the same time, Tesla's stock is down 9%. Selling in energy stocks has led to pressure in the market. Apart from this, a decline of 2-2.5% has also been seen in the European markets. At the same time, the Asian market is also seeing pressure and SGX Nifty is trading in the red mark with a fall of about 150 points.
