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US stocks fall as growth stocks slide
US stock indexes fell on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies. Shares of Apple Inc, Microsoft Corp, Facebook Inc, Alphabet Inc, Tesla Inc, Netflix Inc and Amazon.com Inc resumed a fall from the previous week, falling between 0.6% and 2.1% in early trading. The Dow Jones Industrial Average was down 142.78 points, or 0.45%, at 31,351.54, the S&P 500 was down 23.54 points, or 0.60%, at 3,883.17 and the Nasdaq Composite was down 165.59 points, or 1.19%, at 13,708.88.
European shares drop on inflation risk concerns
European shares fell nearly 1% on Monday as hopes of a vaccine-led global economic recovery fuelled a rally in commodities and raised concerns over the risk of higher inflation. The pan-European STOXX 600 index was on course for its worst day this month, led by declines in technology companies and retail stocks.
Stocks in the news | IRCTC, Tata Motors, Tech Mahindra, Cipla, TVS Motor, PVR, BEL
United Breweries, eClerx Services, Coforge, Gravita India, Magnum Ventures, Vimta Labs, GHCL, Karda Constructions, are also among the stocks in focus today. Here are some of the stocks in the news today. IRCTC Q3 | Revenue came in at Rs 245.23 crore against Rs 734.98 crore in the year-ago. Income stood at Rs 77.53 crore against Rs 205.55 crore. Pidilite Industries Q3 | Consolidated revenue stood at Rs 2,299.02 crore against Rs 1,926.59 crore in the year-ago. Profit came in at Rs 441.83 crore against Rs 341.78 crore. United Breweries Q3 | Consolidated revenue stood at Rs 3,065.89 crore against Rs 3,254.07 crore in the yar-ago. Profit was at Rs 126.78 crore against Rs 106.68 crore.