Running story, World

US Market Falls 5% As Tech Stocks Tumble After US Midterms

What we know so far: 3 reports from 3 outlets, first at 30 Oct, 09:41 IST, latest at 5 Nov, 23:03 IST. Headlines and summaries are quoted from each outlet, oldest first; each links to the original report.

1. Friday 30 October
2. 09:41 ISTHindustan TimesSensex, Nifty open flat amid high crude oil prices, jump in IT stocks

   Based on the first readings at 9:34am, Sensex was up 138.77 points to 74,289.81 in early trade, while Nifty advanced 38.95 points to 22,967.10.

3. Monday 2 November
4. 06:59 ISTNDTV ProfitStock Market Today: Gift Nifty, Tech Stocks Selloff To Oil Prices; Five Key Factors For Sensex, Nifty 50 On Nov 2

   Asian markets traded mostly lower, while the US stock market tumbled last week, dragged down by heavy selloff in the tech stocks. A fall in crude oil prices may also support sentiment.

5. Thursday 5 November
6. 23:03 ISTNDTVUS Market Falls 5% As Tech Stocks Tumble After US Midterms

   Industry giant Nvidia fell more than six percent, while its competitor AMD dropped 12 percent and memory chip maker Micron lost 11 percent.