Dow Futures Rise 110 Pts; Disappointing Tesla Results to Weigh on Tech Sector

By Peter Nurse — U.S. stocks are seen opening largely higher Thursday, but the tech sector is likely to underperform on the back of rising Treasury yields and disappointing results from Tesla (NASDAQ:). At 07:00 ET (11:00 GMT), the contract was up 110 points, or 0.4%, traded 7 points, or 0.2%, higher, while traded … Read more

S&P 500 Stumbles as Rising Yields Dent Tech

By Yasin Ebrahim — The S&P 500 stumbled Wednesday, as rising Treasury yields pressured big tech stocks despite ongoing quarterly results pointing to a better-than-expected earnings season. The fell 0.92%, the fell 0.59% or 179 points, and the was down 1.2%. Big tech dragged the market lower, with Google (NASDAQ:) and Microsoft (NASDAQ:) leading … Read more

Stocks in Focus: Zee, ONGC, V-Mart, Tata Communications, L&T Tech & More

By Malvika Gurung — Oil And Natural Gas Corporation (NS:): The Maharatna PSU is considering buying a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east, seeking to retain a 20% share in the asset, reported Reuters citing sources. Zee Entertainment (NS:): Invesco Developing Markets Fund … Read more

Stock Market Today: Dow Closes Lower as Rising Treasury Yields Dent Tech

By Yasin Ebrahim — The Dow closed lower Friday, driven by a wreck in tech following a jump in Treasury yields after data pointing to growing expectations for higher for longer inflation stoked investor jitters further about Federal Reserve rate hikes. The fell 1.3%, or 403 points, the fell 2.3%, the was down 3%. … Read more

Top Mega-Cap Stocks in Focus: Infosys, Wipro, HCL Tech, PowerGrid & More

By Malvika Gurung — PowerGrid Corporation (NS:), Life Insurance Corporation (NS:) of India: The insurance behemoth has offloaded over 2% of its holding in the Maharatna PSU from May 18-Oct 11, 2022. LIC has reduced its stake in the PSU from 5.3% to 3.3%, selling shares at an average price of Rs 220.4 apiece … Read more

63 moons to provide next-gen tech to Italian firm, eyes pan-European markets

New Delhi, Sep 27 (IANS) 63 moons technologies, a global leader in futuristic technovation and user-friendly digital financial platforms, on Tuesday said it would back and boost Italy-based Spuma SRL with its next-generation technology capabilities and solutions to create a Digital Market ecosystem for revitalised goods in the pan-Europe multi-million-euro project. The Mumbai-based tech firm, … Read more

Cars should get in-build tech to tame drunk drivers, says US safety board

San Francisco, Sep 22 (IANS) The National Transportation Safety Board (NTSB) in the US has asked the government to tell automakers to install alcohol impairment detection systems in all new vehicles to detect drunk or impaired driving. The recommendation was made after an investigation into a California crash that killed nine – including seven children. … Read more

Stock Market Today: Dow in Comeback as Dip-Buyers Pile into Tech After Yields Jump

By Yasin Ebrahim — The Dow closed higher Monday as dip-buying in tech and gains in industrials helped spark a comeback after pressure from surging Treasury yields ahead of the Federal Reserve’s interest rate decision due later this week.  The gained 0.6%, or 197 points, the was up 0.76%, and the rose 0.7%. Tech moved off … Read more

Tech Stocks Lift After Drubbing, Block Falls on Downgrade By

© Reuters. Pre-Open Stock Movers: Conformis, Inc. (CFMS) 13% HIGHER; announced that it has received 510(k) clearance from the U.S. Food and Drug Administration for the Companys Actera Hip System. POINT Biopharma Global Inc. (PNT) 11% LOWER; announced that it has commenced an underwritten public offering of its common stock. Block Inc. (SQ) 5% LOWER; … Read more