Wall Street declines; Dow down 73 points

Published on Tue, Nov 11, 2008 at 08:17 |  Source : Moneycontrol.com

Updated at Tue, Nov 11, 2008 at 08:28  

Like this story, share it with millions of investors on M3
0
0
Share on Tumblr

ALSO READ

US markets dropped as a worsening outlook for companies from Goldman Sachs to Google overshadowed China's $ 586 billion stimulus plan and pledges by the world's biggest nations to bolster economic growth.

Goldman Sachs fell 8.5% after Barclays said the stock- market rout may drag the firm to its first quarterly loss since going public. General Motors which said last week it may run out of cash, lost almost a quarter of its value after deutsche bank said the automaker's shares may go to zero. Major electronic retailer Circuit City, files for bankruptcy protection. US Government reworks bailout plan for AIG and the new plan will cost $ 150 billion.

Google, the biggest seller of online ads, sank to a three- year low on concerns that the fourth-quarter revenue growth will stall.

The Dow plunged 73.27 points, or 0.82%, to 8,870.54. The S&P 500 index declined 11.78 points, or 1.27%, to 919.21, and the Nasdaq composite index dropped 30.66 points, or 1.86%, to 1,616.74.

A look at how the Indian ADRs performed:

Name
Infosys
Sify
Rediff.com India
Satyam
Wipro
ICICI Bank
HDFC Bank
MTNL
Tata Comm
Dr Reddy's Lab
Tata Motors
Patni Computer

Sterlite Ind

Symbol
INFY
SIFY
REDF
SAY
WIT
IBN
HDB
MTE
TCL
RDY
TTM
PTI

SLT

Price

27.30
1.26
2.49
15.36
8.20
19.01
66.3
3.20
19.71
8.64
4.49
6.40
5.25

Change
0.61
-0.03
0.00
0.08
0.35
0.84
0.30
-0.02
-0.97
0.04
0.07
0.58
0.35

Change%

2.29%
-2.33%
0.00%
0.52%
4.46%
4.62%
0.45%
-0.62%
-4.69%
0.47%
1.58%
9.97%
7.14%

Volume
2,280,886
26,128
49,359
1,153,058
682,740
2,959,471
1,561,845
227,661
213,834
123,803
775,593
82,457
4,260,488

High
28.09
1.39
2.65
16.20
8.54
19.79
69.07
3.39
21.71
8.85
4.84
6.40
5.88

Low
26.92
1.26
2.45
14.9
7.88
18.62
65.33
3.16
19.52
8.57
4.42
5.71
5.13

  

More on Moneycontrol

Trending News

Business News

How to Root and install Custom Recovery on any Android phone
Rupee rally may stall with fall against US dollar, euro "Rupee rally may stall with fall against US dollar, euro"

From NewsWire18 Religare Ent To Raise Up To `405 Cr Via Share Issue

The latest earning numbers FIRST on CNBC-TV18
Videos

Feb 10 2012, 21:39

Tulsian buys steel stocks; negative on sugar, ADAG

- in MARKET OUTLOOK

Feb 10 2012, 21:39

Truck demand sluggish; margins down 80bps: Shriram Trans

- in Results Boardroom

Interviews

Feb 10 2012, 15:43 | Source: CNBC-TV18

Growth in margins sustainable going forward: Shasun Pharma  

Feb 10 2012, 15:35 | Source: CNBC-TV18

Expect Q4 GRMs to be similar to Q3: BPCL  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!

Follow moneycontrol.com