Today’s Market News :
GLOBAL CUES
* Wall Street snaps record setting spree; Nasdaq leads declines
* Chip stocks weigh on S&P 500 and Nasdaq; Nvidia sheds 4%
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* Asian markets edge lower led by Nikkei
* Investors await more stimulus measures from China to prop up real estate sector -China’s housing minister set to hold a press briefing on Thursday
* GIFT Nifty signals a soft start
US Futures Trade Flat After Cash Market Ends Lower On Tuesday
* US Benchmark Indices Off Record High Levels, Fall Up To >1%, Dragged By Tech, Chip Stocks
Index
* Chipmaking Stocks Slip On Weak ASML Outlook, ASML Slides >16% On Tuesday
Nvidia, AMD, Intel Fall Up To 5%, Taiwan’s TSMC Results Due On Thursday
* Bank of America Rises >1% On Profit Beat, Goldman Sachs Tops Estimates As Well
* Morgan Stanley, Abott Labs To Report Q3 Earnings On Wednesday
* United Airlines Rises Nearly 1% In Aftermarket Trade After It Announces A $1.5 Bn Buyback
US Treasury Yield Slips To 4.03% Ahead Of More Cues From Fed This Week
Index 1.56
* Brent Holds Below $75/bbl On Supply, Demand Concerns & West Asia Conflict Updates
Gold Prices Rise To Near $2,667/oz On Lower Yields, Dollar Index Above 103
* Asian Markets Sharply Lower In Early Trade, Nikkei Falls Nearly 2%,
Kospi Slips Nearly 1%
* GIFT Nifty Trades Lower, Indicates A Start With Cuts For The Indian Market
