Global Market

Other defence stocks like Boeing, Kratos Defense, and Howmet Aerospace also fell sharply.

The S&P 500 opened 0.5% or 34.01 points lower at 6,835.49.

Support from US stocks offered Asian traders a partial reprieve from Wednesday's broad regional declines, as investors continued to assess the war's impact on growth and inflation.

As of 10:15 a.m. S&P 500 traded 0.44% higher at 6,847.68 and Nasdaq traded nearly 1% or over 200 points higher at 22,724.55.

The shares fell as much as 8.3% to the lowest since January 2023. They are down about 43% in the past year.

A broadening out of equity returns across geographies and investing factors has led to higher-than-average valuations.

Traders remained jittery over Pakistan's ongoing war with Afghanistan, and the escalating tensions in the Middle East.

Worries over the widening war with Iran have hammered most world markets.

Aramco typically exports the bulk of its crude from ports within the Gulf, but conflict in the Middle East has led to a logjam of vessels.

Gold rose 0.5% to trade close to $5,110 on Wednesday, rebounding after a 4.4% slide in the New York session that came amid a recovery in stocks.

The S&P 500 dropped 2.4% in morning trading and was heading toward its worst day since October. The Dow Jones Industrial Average was down 1,232 points, or 2.5%, as of 10:30 am Eastern time, and the Nasdaq composite was 2.7% lower.

The MSCI Asia Pacific Index dropped as much as 2%, extending Monday's 1.7% loss

The Dow Jones Industrial Average shed over 500 points and opened 1.07% lower at 48,456.10.

The benchmark KSE-100 index plunged over 16,300points, or 9.7%, to an intraday low of 151,747.95, marking its largest-ever decline in a single session.

Somnath Mukherjee said a broker-dealer who plans to undertake activities as a global access provider (GPA) in GIFT ISFC needs to obtain authorisation from the IFSCA.

The shares surged as much as 18% on Friday after trading got underway in New York, their biggest intraday gain since March 1, 2024. The stock was already up 13% over the past year heading into Thursday's report.

The S&P 500 opened 0.88% or over 60 points lower at 6,848.22.

Nvidia's strong results exceeded analysts' expectations.

A Muslim who possesses 87.4 gms of gold or wealth equivalent to its value, or 612 gms of silver or wealth equivalent to its value, has to pay zakat in Ramadan.

From 'HALO' trade to AI ETFs, here's a look at five artificial intelligence trends that can shape the US stock market.