Shares of Indian food-delivery firm Zomato plunged 14% in intra-day trade on Monday touching as low as INR 46 per share, thereby, wiping out over $125 million in investor wealth.
Hong Kong’s benchmark Hang Seng Index opened in the red on Monday following a weaker close on Wall Street on Friday, which was dominated by a plunge in social media stocks. The Hang Seng fell 0.6% in opening trade ahead of the crucial U.S. Federal Reserve meeting later this week that could potentially see a 75 bps rate hike.
The World Health Organization (WHO) on Saturday declared the monkeypox outbreak a global emergency, its highest level of alert.
WHO Director-General Tedros Adhanom Ghebreyesus said more than 16,000 cases in more than 75 countries have now been reported around the world.
The SPDR S&P 500 (NYSE: SPY) attempted to break up above an important psychological level at $400 on Friday but was rejected, to suffer its first bearish day since Monday.
The ETF has soared 3.91% between the Friday, July 15 closing price and Friday’s (July 22) high-of-day.
Benzinga has examined the prospects for many investors' favorite stocks over the past week, while offering a 24/7 news feed, live chat and charting software on Benzinga Pro.
Exchange-traded fund (ETF) investors generally see ETFs as safer investments over individual stocks because of their exposure to numerous stocks, sometimes spanning multiple sectors.
Alphabet, Inc (Google) Class C (NASDAQ: GOOG) was plunging more than 6% lower in sympathy with a number of other social media-based and technology stocks after Snap, Inc (NYSE: SNAP) posted disappointing
‘Whatever you say bounce off me and sticks to you,’ is the rest of that riposte, and what the Tesla Inc (NASDAQ: TSLA) Chief Executive, Elon Musk, said in response to Twitter Inc (NYSE: TWTR<