Finance & Business News

Wednesday, 10 June 2026

Stock market graph showing a significant decline

Nasdaq Plummets 1,100 Points as Chip Stocks Tumble Amid Rate Hike Fears

U.S. stock indexes fell sharply, with the Nasdaq Composite experiencing its largest one-day percentage loss since last year due to a plunge in chip stocks. The selloff was influenced by a stronger-than-expected jobs report, complicating the Federal Reserve's interest rate decisions. Geopolitical tensions in the Middle East also weighed on market sentiment.

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Stock market display board showing declining numbers

markets

Nasdaq Plummets 1,100 Points as Chip Stocks Tumble

U.S. stock markets saw a sharp decline with the Nasdaq dropping 1,117 points, driven by a sell-off in chip stocks. A strong jobs report has reduced hopes for a Fed rate cut, while geopolitical tensions in the Middle East add to market concerns.

4d ago·2 min read

Cricket pitch at Lord's with players in action

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Pitch Criticism at Lord's: Hussain, Vaughan Voice Concerns

Nasser Hussain and Michael Vaughan have criticized the Lord's pitch for favoring fast bowlers, with a wicket falling every 25 balls over the first two days. The debate highlights concerns about the balance between bat and ball in Test cricket.

4d ago·2 min read

Indian cricket team players in a huddle during a match

ipl

India Faces Spinner Dilemma for New Chandigarh's First Test

India must choose between Harsh Dubey and Manav Suthar for the third spinner's spot in the upcoming Test against Afghanistan in New Chandigarh. This decision is crucial as India aims to optimize its bowling attack for the historic match.

4d ago·2 min read

Market Snapshot

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Finance & Business News

Nasdaq Plummets 1,100 Points as Chip Stocks Tumble Amid Rate Hike Fears

Nasdaq Plummets 1,100 Points as Chip Stocks Tumble

Pitch Criticism at Lord's: Hussain, Vaughan Voice Concerns

India Faces Spinner Dilemma for New Chandigarh's First Test

Stocks Tumble as Strong Jobs Data Spurs Rate Hike Speculation

Stocks Drop as Strong Jobs Data Spurs Rate Hike Speculation

Stocks Drop Sharply as Jobs Data Spurs Rate Hike Speculation

Oil Prices Decline Amid Reduced US-Iran Conflict Concerns

Oil Prices Dip Amid Hopes for US-Iran Conflict De-escalation

Oil Prices Drop Amid Hopes for US-Iran Conflict De-escalation

England Strikes Back After New Zealand Sets 254 Target

Emerging-Market Currencies Plunge Amid Robust US Job Growth

Emerging Market Currencies Plunge Amid Strong US Jobs Data

Emerging-Market Currencies Tumble After Robust US Jobs Data

Gold Drops Significantly as US Jobs Data Suggests Fed Rate Hike

Gold Prices Plummet as Strong US Jobs Data Spurs Fed Rate Hike Bets

Gold Drops Sharply as Strong US Jobs Data Boosts Rate Hike Bets

Wall Street Declines as Semiconductor Stocks Plummet

Oyo Parent Prism Hotels Secures Sebi Approval for IPO Launch

South Africa A Quicks Dominate England Lions at Grace Road

West Indies Face Sri Lanka in Crucial ODI Series Decider

US Stocks Slide as AI Chip Sell-Off Hits Nasdaq, S&P 500, Dow

India Eyes Purchase of 200 Russian Aircraft for Connectivity

US Stocks Dip as Solid Jobs Data Fuels Fed Rate Hike Fears