Business Standard

Dow tests 10k

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BS Reporter Mumbai

The US markets closed deeply in the red due to a rise in initial jobless claims by 8,000 last week and credit default concerns in Greece, Portugal and Spain. The Dow Jones ended at 10002, weaker by 268 points or 2.6%, Nasdaq closed at 2125, lower by 65 points or 2.9% and S&P ended at 1063, down 34 points or 3.1%.

The Indian ADRs ended weak.  Infosys ended at $50, weaker by $2.5 or 4.72% and Wipro closed at $19, lower by $1.1 or 5.3%.

Tata Motors weakened by $1.3 or 8.4% at $14.4, Sterlite lost $1.1 or 6.8% at $15.6 and ICICI Bank gave up $2.2 or 6% at $34.7.          

 

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First Published: Feb 05 2010 | 8:16 AM IST

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