Power Breakfast: Mixed action in global market, slight gains in Dow, light buying seen in SGX Nifty
Zee Business Video Team | Updated: May 17, 2022 10:09 AM IST
There are mixed signals from global markets. Amidst heavy volatility, mixed action has been seen in the US market. Dow Jones closed with a gain of only 25 points. In the last 2 hours, there was a sell-off in the US markets. On the other hand, Nasdaq fell 1.2% to close at the day's low. Apart from this, there has been a significant decline in IT stocks. At the same time, there has been a steady decline in Twitter since the announcement of Elon Musk. Twitter has also lost 8% in yesterday's trading session. Musk said that the company can reduce the bid by 20%. Selling trend has been seen in bank and consumer stocks. Energy shares got the support of the rapid rise in oil. Apart from this, mixed business has also been seen in Europe. Talking about the Asian market, light buying is being seen here too and SGX Nifty is trading with a marginal gain of 34 points.
