![]() Indain ADRs: HDFC Bank down 4.2%, ICICI Bank slips 4%Published on Fri, Nov 16, 2007 at 08:35 | Source : Moneycontrol.com Updated at Fri, Nov 16, 2007 at 08:38
Wall Street skidded lower yesterday as investors grappled with concerns about the strength of consumer spending and the overall economy after downbeat comments from J.C. Penney Co. and Wells Fargo & Co. Wall Street is concerned about rising gas prices. Although oil has come off the highs seen last week, prices remain elevated and could crimp consumer spending as the all-important holiday shopping season approaches. The Dow Jones industrial average fell 120.96 points, or 0.91%, to 13,110.05. The Standard & Poor's 500 index fell 19.43 points, or 1.32%, to 1,451.15. The Nasdaq composite index fell 25.81 points, or 0.98%, to 2,618.51. A look at how the Indian ADRs performed:
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