By Caroline Valetkevitch
Shares closed more than 3% lower. Analysts predicted the suspension to knock 2 to 3% off earnings in fiscal 2023.
The S&P energy index was set to record its best quarter ever as oil prices jumped to multi-year highs on concerns over tighter supplies due to the war and Western sanctions on Russia
The strategists caution that the selloff that took the S&P 500 12% from its January record is not over and sharp rallies are typical of volatility in bear markets
Big banks mixed after rallying sharply; Ralph Lauren gains on JPMorgan upgrade to 'overweight'
Brent crude futures fell as much as $4 a barrel and European gas prices slipped to 115 euros per megawatt hour, some 100 euros below recent peaks
A certain number of NSE IFSC depository receipts are required to make up one underlying share
The trading in unsponsored depositary receipts -- NSE IFSC Receipts -- has been launched in association with HDFC Bank, under the regulatory sandbox framework prescribed by the IFSCA
Trading in US stock receipts will be conducted over two calendar days beginning 20:00 pm on day one and extending up to 2.30 pm the next day
The S&P 500 lost 53.36 points, or 1.24%, to 4,251.4 and the Nasdaq Composite dropped 234.72 points, or 1.75%, to 13,146.79
Oil jumped to a seven-year high, safe-havens rallied and US stock futures dived on Tuesday after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine.
Brent crude futures rose 23 cents, or 0.3%, to $91.01 a barrel by 0122 GMT, while U.S. West Texas Intermediate crude was at $89.47 a barrel, up 11 cents, or 0.1%.
Meta stock has dropped by more than $200 bn in the biggest single day market value wipeout for a US company; Jeff Bezos, meanwhile, added $20 bn to wealth on Amazon's blockbuster earnings
Big tech stocks such as Alphabet Inc and Microsoft Corp fell about 0.5% and 1.0%, respectively, while Amazon.com Inc, scheduled to report results later in the day, declined 6.3%
Wall Street's main indexes climbed after two turbulent sessions and ahead of the outcome of a Federal policy meeting, with a stellar outlook from Microsoft boosting technology stocks
U.S. S&P futures jumped 1.34%, indicating a stronger open on Wall Street, after the S&P 500 index lost 1.22% in the previous session.
The market breadth was positive, with 1,955 stocks advancing and 1,404 declining
The Nasdaq closed more than 10% lower from its Nov. 19 record closing high to confirm a correction
The dollar hit a six-day high as Treasury yields surged, while inflation fears were bolstered as oil prices rose to their highest since 2014 on possible supply disruptions
A warning from the largest US bank JPMorgan Chase & Co that its profitability may fall below a medium-term target cast another pall on Wall Street