Stock Market Is Tanking As Traders Weigh Weak Economic Data, Earnings

Stock Market Is Tanking As Traders Weigh Weak Economic Data, Earnings

The stock market was in shambles Friday, with all three major indexes declining sharply. Investors digested a series of weaker-than-expected data points and questioning the Fed. They also grappled with disappointing earnings from megacap tech companies, headlined by Amazon. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the …

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Stocks drop, Nasdaq confirms correction as recession fears mount

Stocks drop, Nasdaq confirms correction as recession fears mount

U.S. stocks sold off for a second straight session on Friday, and the Nasdaq Composite confirmed it was in correction territory after a soft jobs report stoked fears of an oncoming recession. The Labor Department said nonfarm payrolls increased by 114,000 jobs last month, well short of the 175,000 average forecast by economists polled by …

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Goldman Sachs revises Nifty target to 23,500 for 2024, here’s why

Goldman Sachs revises Nifty target to 23,500 for 2024, here’s why

The updated target suggests a potential upside of over 8% for the index compared to its current level. In Tuesday’s trading session, the Nifty50 was at 21,707, marking a nearly 1% increase from the previous close. Also read: TCS Q3 Results Preview: Expect muted earnings growth; deal wins, outlook on near-term demand to be in …

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