IndianMarketpulse-Global Markets

The Dow Jones Industrial Average fell 296.24 points, or 1.19 percent, to 24,688.31, the S&P 500 lost 46.88 points, or 1.73 percent, to 2,658.69 the Nasdaq Composite dropped 151.12 points, or 2.07 percent, to 7,167.21. The S&P 500 ended at its lowest level since early May on Friday and flirted with correction territory after technology and internet shares sold off further, capping another volatile week for US stocks. During the session, the benchmark S&P 500 fell more than 10 percent from its Sept. 20 record closing high, but pared losses to end above that level. A finish of 10 percent or more below its all-time closing high would confirm a correction. The Nasdaq registered its biggest weekly drop since March 23 after confirming a correction earlier in the week. Grim results late Thursday from Amazon.com Inc and Alphabet Inc, two stocks that have helped power the equity markets decade-long bull run, sparked the day’s selloff and overshadowed data showing t...

World stocks are heading for their fifth straight week of losses and look set for their worst month in around seven years. With 63 percent of MSCI's global index now in a "bear" market, world stocks look oversold but global equity funds nevertheless attracted inflows of $8.5 billion over the past week, Bank of America Merrill Lynch (BAML) said on Friday. World stocks are heading for their fifth straight week of losses and look set for their worst month in around seven years. The US S&P500 is a whisker off, losing all its gains for the year amid fears that slowing world growth and trade conflicts will erode company profits. BAML data - based on analysis of numbers from Boston-based flows tracker EPFR Global covering the week to Wednesday - showed that after weeks of equity selling, 1,742 of 2,767 global stocks had fallen 20 percent off peaks, putting them into a so-called bear market. In emerging markets, the figure was as high as 919 out of 1,150 stocks...

International Markets US Markets:  The US markets recouped most of the losses and ended slightly lower during the week amid concerns on fading fiscal stimulus and Federal Reserve interest rate tightening measures followed by concerns on corporate earnings in the current season. On the data front, the number of Americans filing for unemployment benefits for the week ended October 20, 2018 increased by 5,000 to 215,000 from 210,000 in the previous week, slightly higher than analyst expectations of 214,000. US core capital goods orders declined by 0.1% in September lower than economists’ expectations of 0.5% increase. US new home sales decreased by 5.5% to 553,000 units in September much lower than economists’ expectations of 1.4% decrease to 627,000 units indicating rising mortgage rates and higher prices affecting demand for housing.   European Markets:  The European markets closed lower during the week amid global sell-off and concerns on ECB rising interest rates af...