Stock market today: 10 things to know before opening bell on September 26
Wall Street | Stocks ended sharply lower on Wall Street on Friday as markets worry that high rates will hurt economies. Dow hits a 2022 low, S&P 500 fell 1.7 percent and Nasdaq index finished 1.8 percent lower. (Image: Reuters)Asian Equities | Japan’s Nikkei was trading more than a percent lower, Shanghai index was down 0.09 percent while Hong Kong Hang Seng index was trading a marginal 0.09 percent higher on Monday at 7:43 am.SGX | On the Singapore exchange, SGX Nifty was down 0.89 percent while Nifty futures slipped 1.7 percent at 7:47 am. (Image : Shutterstock)Dalal Street | The Sensex tumbled 1,020 points while the Nifty crashed below the 17,350-mark on Friday as a flurry of rate hikes by global central banks spooked investors and sparked a global sell-off.Rupee | The rupee breached the 81-mark against the US dollar in intra-day trade for the first time ever and slumped 30 paise to close at a fresh lifetime low of 81.09 against the US dollar on Friday.RBI | All eyes will be on the RBI’s policy statement on Dalal Street this week.Gold | Gold prices fell to a new 2-1/2-year low on Monday, weighed down by a sturdy dollar and prospects of further interest rate hikes by the US Federal Reserve to bring down inflation.Oil | Oil prices rose modestly in early trade on Monday after sliding to eight-month lows last week weighed down by a surging US dollar and fears sharp interest rate hikes globally would spark a recession and hit fuel demand. (Image: Shutterstock)Cryptocurrency | Cryptocurrencies too were trading lower with Bitcoin down 1.28 percent while Ethereum gave up 3.2 percent in the last 24 hours as of 7:44 am. (Image: Shutterstock)Russia-Ukraine War | The United States warned of “catastrophic consequences” if Moscow were to use nuclear weapons in Ukraine, after Russia’s Foreign Minister said regions holding widely-criticised referendums would get full protection if annexed by Moscow. (Image: AP)
