The State Bank of India yesterday said it would infuse Rs 7,250 crore into ailing YES Bank to pick up to 49 per cent equity as part of the Reserve Bank of India-mandated bailout plan
Wall Street's most recent selloff comes as countries around the world grapple with how to contain the fast-moving coronavirus and its economic effects
The Dow Jones Industrial Average fell 2,352.6 points, or 9.99%, to 21,200.62, the S&P 500 lost 260.74 points, or 9.51%, to 2,480.64
For many investors, Wall Street's recent deep losses are marking the end of the longest S&P 500 bull market on record
The benchmark S&P 500 index was 17.6 per cent below its all-time peak hit on Feb. 19
The Dow Jones Industrial Average was up 286.22 points, or 1.20 per cent, at 24,137.24, and the S&P 500 was up 40.30 points
Benchmark 10-year US Treasury yields briefly sank to 0.318 per cent, a record low
A 7% decline in the S&P 500 triggered a 15 minute trading pause shortly after the market opened
The Dow Jones Industrial Average fell 256.23 points to 25,865.05, the S&P 500 lost 51.54 points to 2,972.4 and the Nasdaq Composite dropped 162.98 points, or 1.87%, to 8,575.62
Brent crude was trading at $46.36/barrel (down 7.84 per cent) at 11.46 pm IST.
The S&P index recorded two new 52-week highs and 135 new lows, while the Nasdaq recorded eight new highs and 415 new lows.
The benchmark index, however, is still about 7.5% below its record close on Feb. 19 and fears about the economic fallout remain at the forefront of investors' minds
The Dow Jones Industrial Average rose 181.15 points, or 0.71%, at the open to 25,590.51
The S&P 500 index dropped 11.5% last week as the virus accelerated beyond China's borders, the worst weekly drop since the 2008 global financial crisis
Wall Street stocks tumbled in opening trading Friday, suffering another steep decline as fears of an economic slowdown due to coronavirus again pummeled global markets. Shortly after the opening bell, the Dow Jones Industrial Average was down nearly 800 points, or 3.0 per cent, at 24,986.27. The index had shed more than 11 per cent this week heading into Friday's session. The broad-based S&P 500 sank 3.1 per cent to 2,887.31, while the tech-rich Nasdaq Composite Index plunged 3.3 per cent to 8,285.87.
Wall Street shares led the rout as the S&P 500 fell 4.42 per cent, its largest percentage drop since August 2011
All three major US indexes were set for their steepest weekly pullback since the global financial crisis, as new infections reported around the world surpassed those in mainland China.
The US stocks pared early losses, after the initial surge in angst (over the virus spread) that pushed US indices to their four-month lows. Bond yields remained at unprecedented levels.
The Nasdaq Composite dropped 236.74 points, or 2.64%, to 8,744.03 at the opening bell
The Dow Jones Industrial Average fell 880.79 points, or 3.15%, to 27,080.01