Object reference not set to an instance of an object. Online Stock Broker - Stock Broking, Best Share Bazaar Brokers In India
  • SMC open account icon Open an A/C
    • Open an A/C
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • US Stocks tumble on rate hike jitters, weak earnings
  • April 23,2022  09:08
  • The US share market finished session steep lower on Friday, 22 April 2022, with the major averages slumping to their worst closing levels in over a month, due to increased certainty around aggressive near-term interest rate rises and disappointing earnings news from HCA Healthcare and Intuitive Surgical Inc.

    At the close of trade, the Dow Jones Industrial Average index declined 981.36 points, or 2.82%, to 33,811.40. The S&P500 index was down 121.88 points, or 2.77%, to 4,271.78. The tech-heavy Nasdaq Composite Index dropped by 335.36 points, or 2.55%, to 12,839.29. For the week, the Dow dipped 1.9%, the S&P dropped 2.8%, and the Nasdaq declined 3.8%.

    Declining stocks outnumbered advancing ones on the NYSE exchange by 2803 to 538 and 112 closed unchanged. In the NASDAQ, 1167 issues advanced, 3550 issues declined, and 246 issues unchanged.

    All 11 major S&P 500 sector indexes closed down, with bottom performing issues were materials (down 3.7%), healthcare (down 3.6%), communication services (down 3.3%), and financials (down 3%).

    The steep selloff on the Wall Street triggered on Friday as concerns about risks from interest rate hikes continued to reverberate after Federal Reserve Chair Jerome Powell's hawkish pivot on Thursday. In comments, Fed backed moving more quickly to combat inflation and said a 50-basis-point increase would be on the table when the Fed meets in May.

    Shares of HCA slumped 21.8% after reporting a downbeat profit view, while other hospital operators felt the contagion.

    Surgical robot maker Intuitive Surgical dropped 14.3% after warning of weaker demand from hospitals due to tighter finances.

    Shares of Gap fell sharply after the apparel retailer lowered its first quarter sales guidance and announced the departure of Old Navy President and CEO Nancy Green.

    On the other hand, shares of Kimberly-Clark spiked after the consumer products company reported better than expected first quarter results and raised its full-year sales forecast.

    Among Indian ADR, Wipro fell 1.6% to $6.76, HDFC Bank dropped 0.63% to $55.09, Dr Reddy's Labs fell 3.27% to $53.90, ICICI Bank declined 3.92% to $18.87, WNS Holdings shed 2.13% to $80.01, and Azure Power Global fell 3.4% to $14.24. Tata Motors dropped 2.8% to $28.09 and INFOSYS added 2.03% to $20.26.

    Powered by Capital Market - Live News

Top News
Economy News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube
  • Instagram


SMC Global Securities Ltd | CIN : L74899DL1994PLC063609 | Registered Office: 11/6B, Shanti Chamber, Pusa Road, Delhi-110005. | Tel +91-11-30111000 | Compliance Officer: Mr. Ashok Kumar Aggarwal | Tel 011-30111000 Extn. 170 | Email:-aka@smcindiaonline.com| Customer Care Email –smc.care@smcindiaonline.com| Complaint Email –igc@smcindiaonline.com| website: www.smctradeonline.com

SEBI Reg. No. INZ000199438, Member: NSE (07714), BSE (470), MSEI (1002), MCX (8200) & NCDEX (00021). DP SEBI Regn. No. CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH100001849, Mutual Funds Distributor ARN No. 29345. •Insurance services are offered through SMC Insurance Brokers Pvt. Ltd. IRDAI Regn. No: DB 272/04 License No. 289 Valid upto 27/01/2026. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. PMS is not offered in commodity derivative segment. Insurance is the subject matter of solicitation. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The price, value of and income from any of the securities or financial instruments mentioned in this report can fall as well as rise.

By submitting your details to SMC, you are authorizing us to send promotional communication through Call/Email/SMS/Whatsapp even though you may be registered under DND.


Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)

Open my trading account now!  X 

* All fields are compulsory