Dow Tumbles 1%; US Crude Oil Stocks Fall
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 05 2024
0mins
Source: Benzinga
U.S. Stock Market Performance: U.S. stocks experienced a decline, with the Dow Jones falling over 1% and notable drops in the S&P 500 and NASDAQ; however, consumer discretionary shares rose by 0.8%.
Economic Indicators: U.S. private businesses added 99,000 jobs in August, below market expectations, while initial jobless claims decreased slightly; additionally, crude oil inventories fell significantly more than anticipated.
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About SIFY
Sify Technologies Limited is an India-based integrated information communications technology (ICT) solutions and services provider in India. Its segments include Network centric services, Data Center Services, and Digital Services. The Network centric services segment consists of domestic data, international data, and wholesale voice. The Data Center Services segment consists of co-location services, cross connects, and other allied managed services. The Digital Services segment consists of cloud and managed services, network managed services, applications integration services, and technology integration services. Its network centric services include a range of internet protocol-based virtual private network offerings, including intranets, extranets, and remote access applications for both small and large corporate customers. Its remote and onsite infrastructure management services provide management and support of customer operating systems, applications, and database layers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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