Business

US stocks close lower following broad market sell-off

Jun 04, 2026

New York [US], June 4: Wall Street's main indexes closed lower on Wednesday as investors pulled back from equities amid heightened geopolitical tensions and rising commodity prices.
The benchmark S&P 500 index shed 54.11 points, or 0.74%, to finish at 7,555.67. The tech-heavy Nasdaq Composite Index declined by 230.97 points, or 0.85%, to close at 26,862.93, while the Dow Jones Industrial Average dropped 581.84 points, or 1.13%, to end the trading session at 51,076.85.
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