Wall Street had been on the brink of a bear market with all the major indices down almost 20 per cent from their all-time peak, which amazingly were touched just 13 sessions ago
In a statement, the US Fed said it was cutting rates by a half percentage point to a target range of 1 per cent to 1.25 per cent
The S&P 500 index dropped 11.5% last week as the virus accelerated beyond China's borders, the worst weekly drop since the 2008 global financial crisis
Factory activity in China, the global engine of growth, has contracted at the fastest pace on record
The Indian markets have lost nearly $180 billion in market value
Since the US and India have DTAA, you will pay tax only once. Dividend income, however, is taxed at 25% in the former
The company, which posted 15.5 per cent rise in revenue in the December quarter, is also seeing strong growth in the European and US markets.
A growing challenge has gripped society
Investors who had sought the safety of government bonds, the yen and gold in early trade shifted back from those positions after China reportedly invited U.S. negotiators for talks.
According to the Federal Reserve, trade frictions -- centered on the US-China dispute -- remained the most widely cited potential near-term shock.
The Dow Jones Industrial Average fell 100.58 points, or 0.36%, at the open to 27,580.66
Corporations led by the U.S. Chamber of Commerce, the country's biggest business group, have said red tape is partly to blame for a 50% decline in the number of listed companies over the past two deca
At 12 per cent, the aggregate allocation to cash is only in the fifth percentile of the past 30 years, they calculated
All of the 11 primary S&P 500 sectors traded lower around market closing, with the energy sector down nearly 4 per cent, leading the losers
Tide of bad news has spooked the market
Analysts have also made deep cuts to forecasts for the rest of the year
Chaotic five days trigger stock slump and prompts US Treasury Secretary to make hastily organised phone call to US financial regulators.
US Treasury Secretary Steven Mnuchin will host the call with the president's Working Group on Financial Markets, known colloquially as the 'Plunge Protection Team.'
Although many might say the slowdown in October was due to companies taking a break as they reported earnings, the JPMorgan strategists pointed out how buybacks peaked for the year in July
The Nasdaq 100 Index lost 2.8% as investors continued to offload some of the bull market's biggest gainers