Business

US stock indexes drop sharply with Nasdaq plunging 4.18%

Jun 06, 2026

New York [US], June 6: US stock indexes closed sharply lower on Friday. The Dow Jones Industrial Average fell 695 points, or 1.35%, to slide to 50,866 points.
The tech-heavy Nasdaq Composite index plunged 1,121 points, or 4.18%, to drop to 25,709 points.
The S&P 500 index shed nearly 200 points to reach Client 7,383 points, representing a 2.65% decline and marking its steepest drop since April last year.
Source: Emirates News Agency

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Leadership in the Age of Digital Transformation: Why Strategic Tech Fluency Is Now Essential

New Delhi [India], October 28: Organisations across industries are investing heavily in artificial intelligence, analytics, automation and digital platforms, yet the returns remain uneven. A 2025 McKinsey study found that only 16 % of digital transformation initiatives succeed in delivering sustained performance improvements, despite widespread adoption of advanced technologies. At the same time, Gartner reports that 65 % of organisations now regularly use generative AI in decision-making, signalling that access to technology is no longer the constraint. The disconnect lies elsewhere.

Oct 28, 2026