Wall Street, New York:- The spree continues as the stock market falling carried on another trading session in fear of inflation and higher interest rate. NASDAQ on Monday fell by 4% at the start of the trading session, whereas, DOW fell by 2%, and S&P 500 by nearly 3%.
The world markets have rallied up to the trend, as world markets see a surge in the interest rates and higher inflation.
Indian Stock market fell near 2000 points on Monday, which is nearly 2.7%.
Day One Biopharmaceuticals Inc (DAWN) was the biggest gainer for NASDAQ with a surge of 101.2% and up by $6.74 to a consolidated price of $13.36 in the mid-trading session.
RISE Education Cayman Ltd (NAAS) proved to be the biggest decliner in the series as initial trading wiped off 55.72% of its value, down by $9.25 and hanging at $7.80.
The fear of further deteriorating economic conditions around the globe is the biggest factor in the panic selling and the rising interest rates have emptied the savings of the businesses and the common man.
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