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July 24, 2024

Nasdaq, S and P 500 post worst daily loss since 2022

ISTANBUL: The Nasdaq and the S and P 500 had Wednesday their worst daily performance since 2022 as US stocks closed the session with major declines with tech firms’ shares taking a nosedive.

The tech-heavy Nasdaq plummeted nearly 655 points, or 3.64%…

Business activity in US grows at highest rate in 27 months

ISTANBUL: Business activity in the US grew in July at the highest rate in 27 months, global data provider S and P Global said Wednesday in a report.

The US Services Business Activity Index climbed to 56.0 in July, up from 55.3 in June, according to t…