NASDAQ News
It was Apple's fourth straight record high close. The Cupertino, California company's market capitalization briefly peaked above $3 trillion in intraday trading on Jan. 3, 2022 before closing the session just below that mark.
The company said this is will replace the company's current ticker symbol 'FB', which has been used since its initial public offering in 2012.
Netflix slumped 37per cent.
The company suffered its first subscriber loss in more than a decade.
It is also considering changes that it has long resisted.
All but four companies of the 25 stocks listed on the market fell as investors took profits from opening day gains, erasing about 9% of the total market capitalisation.
Sixteen of the first batch of 25 companies - ranging from chip-makers to health care firms - more than doubled their already frothy initial public offering (IPO) prices on the STAR Market, operated by the Shanghai Stock Exchange.
China`s top securities regulator Yi Huiman announced the new market at a financial forum in the city.
Reacting to his selection, the India-born Google CEO said he was "grateful to the USIBC for its leadership and for this honour".
Overnight, the S&P 500 rose to a near four-month peak while the Dow and the Nasdaq also gained.
The Nasdaq closed down 12.4 percent from its August 29 record closing high, falling 4.4 percent for the day in its biggest one-day percentage decline since August 18, 2011.
Asian share markets sank on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe.
Apple hit a record high of $207.05 on Thursday, becoming the first US company to top USD 1 trillion in market value.
A selloff in technology majors deepened on Monday, wiping out the tech-heavy Nasdaq index`s gains for the year.
The BSE 30-share index slipped 66.48 points, or 0.19 percent, to 33,769.26.
The market capital of the DSE is over USD 51.42 billion.
Walmart, the world`s biggest brick-and-mortar retailer, reported a lower-than-expected profit and posted a sharp drop in online sales growth during the holiday period.
US stocks have opened 2018 in full-throttle bull market mode, bidding stocks up to a succession of records following the December passage of a massive tax cut signed into law by President Donald Trump.
Shares of companies that supply parts to Apple, including Broadcom, Skyworks Solutions, Finisar and Lumentum Holdings, fell between 2 percent and 5.5 percent.
The S&P 500 and the Nasdaq reversed early losses following Tillerson`s comments, while the Dow extended gains.
Opening up about his biggest regrets - personal or profession, he recounted that "a lot of my founder colleagues told me not to leave Infosys in 2014, to stay a few years".
The American bourse Nasdaq on Monday shifted to a bigger facility in Bengaluru and said it is looking to increase its India backoffice headcount from the present 250.
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