Major Asian markets are witnessing a decline in today’s trading. At the same time, before the earnings report of some big companies, stock futures are also looking weak.
Stock Market Update Today: Global cues are looking weak for the domestic stock market today. Major Asian markets are witnessing a decline in today’s trading. At the same time, before the earnings report of some big companies, stock futures are also looking weak. Bank of America’s quarterly results will come on Monday i.e. today. The results of many big companies including IBM, Procter and Gamble, Travelers, Dow Inc, Johnson and Johnson, American Express, Netflix, Tesla and Verizon are due this week. Earlier on Friday, major US markets closed on a decline. On Friday, there was a weakness of 113 points in Dow Jones and it closed at the level of 34,451.23. NASDAQ declined by 293 points and closed at 13,351.08. While the S&P 500 index lost 54 points and closed at 4392.59.
Talking about the Asian markets, SGX Nifty is showing a decline of 0.22 percent, while the Nikkei 225 has a weakness of 1.77 percent. Strait Times is down 0.37 per cent while Taiwan Weighted is down 0.34 per cent. Although Kospi has gained 0.14 percent. On the other hand, 0.79 percent weakness is seen in Shanghai Composite.