Topic
equity market
Finance US Stocks Slide as IT Sell-Off Deepens; Nasdaq Falls Over 1.4%, Dow Jones Loses 197 Points
US stocks fell sharply on Tuesday, with the Nasdaq Composite dropping over 1.4% and the Dow Jones Industrial Average losing 197 points, as a broad sell-off in technology shares deepened. Concerns over heavy AI spending and rising interest rate expectations weighed on equities, with traders pricing in nearly a 90% chance of a rate hike by year-end. Global markets also declined, led by a 10% plunge in South Korea's Kospi.
Business Heavy Selling by Foreign Funds Drives India's Balance of Payments Deficit to $6.6 Billion in April
India's balance of payments recorded a deficit of $6.6 billion in April 2026, reversing a surplus of $0.5 billion a year earlier, driven by a sharp deterioration in the capital account. Foreign portfolio investor outflows widened to $8.7 billion, while the current account moved to a surplus of $4.7 billion, boosted by higher remittances and services exports.