Business

Wall Street falls on inflation, rate hike fears; Nasdaq down 1.85%

Oct 15, 2026

New York [US], October 15: Wall Street's major stock indexes closed lower on Wednesday, with the Nasdaq Composite leading losses, falling 1.85%.
The S&P 500 shed 83.96 points, or 1.08%, to close at 7,721.49, while the Nasdaq Composite dropped 502.90 points to 26,701.48.
The Dow Jones Industrial Average edged down 45.23 points, or 0.09%, to finish at 51,624.78.
The declines came amid renewed concerns over inflation and the prospect of higher US interest rates, which weighed on investor sentiment, particularly towards technology stocks.
Source: Emirates News Agency

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Loyola Institute of Business Administration (LIBA)

LIBA's PGDM Sees Rising Interest from Children of Gulf-Based Indians

Chennai (Tamil Nadu) [India], October 15: With admissions for the 2027–29 academic year now underway, LIBA is witnessing a notable increase in enquiries and applications from eligible students exploring the Children of Indian Workers in Gulf Countries (CIWG) category. The admission pathway, mandated by the Indian government, enables eligible candidates to apply under the prescribed CIWG provisions, subject to applicable eligibility requirements, selection criteria and documentation.

Oct 15, 2026