Hopes that US President Donald Trump would rethink his policy in light of the turmoil were dashed Sunday when he said he would not make a deal with other countries unless trade deficits were solved.
Operating profit will amount to only about 6% of sales this year, 2 percentage points below the previous forecast, Target said Wednesday. And the company’s first-quarter adjusted profit missed the lowest of 23 analyst estimates compiled by Bloomberg.
On the 30th anniversary of the 1987 stock market crash, US stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth.
Of this total, FPIs withdrew a net amount of Rs 5,173 crore on the 'Black Monday' alone, when the benchmark Sensex crashed over 1624 points, while 50-share NSE Nifty plunged 490.95 points.
Standard & Poor's, initially known as the Standard Statistics Company, created its first stock market index in 1923. It consisted of the stocks of 233 companies and was computed weekly.