Wall Street: Wall Street falters as consumer pessimism fuels growth fears

[ad_1] NEW YORK, June 28 (Reuters) – wall Street Tuesday closed sharply lower in a broader sell-off as consumer confidence data dampened investor optimism and fueled concerns over a recession and rising earnings season. S&P and Nasdaq Apple Inc, Microsoft Corp and Amazon.com lost their weight by about 2% and 3%, respectively. The blue-chip Dow dropped nearly 1.6%. “The market was fine to date until consumer confidence numbers came out,” said Peter Tuz, president of the Chase Investment Council in Charlottesville, Virginia. “It was weak and the markets immediately started…

DII: As soon as FPIs are bailed out, DIIs riding on retail fuels fund a bailout

[ad_1] Mumbai: Domestic Institutional Investors (dii) has invested ₹2.16 lakh crore in Indian equities so far in 2022 led by mutual funds and insurance companies, helping mitigate the impact of over ₹2 lakh crore outflows from foreign funds on the stock market Is. Free flow from retail investors Equity Mutual Fund Plans have been the main driver of domestic Pennies in stock market. From October 2021, when the outflow FPI To begin with, DII has invested Rs 2.8 lakh crore in the shares here. FPIs have sold Indian shares worth…