The S&P 500 slumped to its worst daily decline since April 2025 and the tech-heavy Nasdaq entered correction territory, as investors fretted about the durability of the A.I. build-out.
Jio Platforms shares surged on their first day of trading, even as questions mount about the telecom firm’s growth prospects and a new generation takes charge.
From left, Mukesh Ambani, who leads the Reliance Industries conglomerate, with his sons, Akash and Anant, at the National Stock Exchange of India in Mumbai on Wednesday to mark the listing of Jio Platforms.
After more than 100 years on the New York Stock Exchange, the automaker is shifting its listing to the Nasdaq, which is home to many technology companies.
The Communist Party uses a “national team” of state-owned investment funds to stem the market rout. But this time, investors are not sure it will work.
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