Simon Property drops on bleak outlook; energy stocks fall as oil prices slide
Highly valued stocks such as Microsoft Corp, Apple Inc and Facebook Inc rose between 0.3 per cent and 1 per cent
With more than half of S&P 500 companies having already reported results so far, profits are seen rising 46 per cent in the first quarter
Market participants are also prepping for results of Apple Inc and Facebook Inc after markets close.
The backdoor Nasdaq listing will see nine-year-old Grab raise over $4 billion, a record U.S. offering from Southeast Asia.
Shares of mega-cap firms, including Apple, Amazon.com, Facebook and Tesla, fell between 0.3 per cent and 1.8 per cent
At present, the world's biggest stock exchange in terms of market cap is the Hong Kong Exchanges and Clearing, valued at$75.6 billion, followed by American bourse CME Group, valued at $74 billion
The firm had a high-profile debut on the Nasdaq
The San Francisco-based firm was valued at just under $6 billion as recently as last September but has surged in line with bitcoin's gains this year.
Technology and consumer discretionary sectors, which house high-flying technology names that tend to outperform during times of economic uncertainty, rose 0.6% and 0.4%, respectively.
Business Standard breaks down key listing requirements in India, in the US and the possibility in a few other scenarios
According to the sources, the company is approaching merchant bankers, including Goldman Sachs, Morgan Stanley, and JPMorgan, and it expects to finalise the line-up quickly
The S&P 500 fell 5.2 points, or 0.13%, at the open to 3,969.31
The Dow Jones Industrial Average fell 26.2 points, or 0.08 percent, at the open to 32601.82
Bond yields spiked after the Federal Reserve pledged to tolerate inflation and keep monetary policy loose through 2023
The tech-heavy Nasdaq tumbled after rebounding more than 6% over the past three sessions, while the blue-chip Dow scaled its fifth consecutive record high
Wall Street's main indexes have come under pressure in the past few weeks as a consistent rise in borrowing costs have raised fears of a sudden tapering of monetary stimulus
By Shashank Nayar and Medha Singh
Tesla Inc. shares rebounded on Tuesday after a five-day losing streak wiped out about $149 bn from the company's valuation
The Nasdaq Composite dropped 15.9 points, or 0.12%, to 12904.264 at the opening bell