Tech stocks’ biggest weekly rout since 2022 roils markets
Sat, Apr 20, 2024 10:56 AM

Tech stocks’ biggest weekly rout since 2022 roils markets

A Flip by Shubhangi Gupta
Get it on Google Play
US equities sold off sharply on Friday, sending tech stocks to the biggest weekly loss in 17 months, due to tensions in the Middle East and worries over the outlook for interest rates. The S&P 500 index closed down 0.9%, dropping for the sixth straight session and the third straight week, leaving it more than 5% below its March 28 closing high. The Nasdaq 100 declined 2.1%.

More great flips

Are retail investors winning the battle against FIIs?

Are retail investors winning the battle against FIIs?

At a recent TV discussion where Dalal Street veteran Nilesh Shah was asked to share some stock ideas, he had no qualms about admitting that he has actually been on the receiving end of advice given by his cousins and that everyone in the audience has made far more money than what his fund managers have made.To understand whether the little guys are actually playing it smarter than the pros.

Open Flip
Hot Stocks: Brokerage view on Coforge, Federal Bank, ONGC and Bajaj Finace

Hot Stocks: Brokerage view on Coforge, Federal Bank, ONGC and Bajaj Finace

Brokerage firm Jefferies downgraded Coforge, and maintained a buy rating on Bajaj Finance and a buy call on ONGC. Morgan Stanley maintained an Equal Weight rating on Federal Bank.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:Jefferies on Bajaj Finance: Buy| Target Rs 9260 Jefferies maintained a buy rating on Bajaj Finance.

Open Flip
Gold and silver rate today on 03-05-2024

Gold and silver rate today on 03-05-2024

Gold And Silver Rate Today: Gold prices saw a slight decrease on Friday. The cost of 24 carat gold is Rs.7368.1 per gm down by Rs.109.0. The cost of 22 carat gold is Rs.6749.2 per gm down by Rs.99.0. The price change in 24 carat gold in the last one week has been 1.23%, whereas in the last month it has been -4.02%.The cost of silver is Rs.83600.0 per kg up by Rs.700.0 per kg.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon