AIRLINK 203.00 Increased By ▲ 1.76 (0.87%)
BOP 10.04 Increased By ▲ 0.07 (0.7%)
CNERGY 6.93 Increased By ▲ 0.04 (0.58%)
FCCL 37.00 Increased By ▲ 1.64 (4.64%)
FFL 17.20 Increased By ▲ 0.05 (0.29%)
FLYNG 26.00 Increased By ▲ 1.79 (7.39%)
HUBC 136.18 Decreased By ▼ -2.01 (-1.45%)
HUMNL 14.19 Increased By ▲ 0.12 (0.85%)
KEL 4.87 Increased By ▲ 0.01 (0.21%)
KOSM 6.61 Decreased By ▼ -0.05 (-0.75%)
MLCF 46.69 Increased By ▲ 0.38 (0.82%)
OGDC 224.30 Increased By ▲ 1.76 (0.79%)
PACE 7.08 Increased By ▲ 0.02 (0.28%)
PAEL 42.80 Decreased By ▼ -0.34 (-0.79%)
PIAHCLA 17.12 Increased By ▲ 0.09 (0.53%)
PIBTL 8.61 Increased By ▲ 0.07 (0.82%)
POWER 9.65 Increased By ▲ 0.55 (6.04%)
PPL 189.15 Increased By ▲ 0.39 (0.21%)
PRL 43.22 Decreased By ▼ -0.05 (-0.12%)
PTC 25.69 Increased By ▲ 0.34 (1.34%)
SEARL 110.55 Increased By ▲ 0.13 (0.12%)
SILK 1.03 No Change ▼ 0.00 (0%)
SSGC 42.59 Decreased By ▼ -0.05 (-0.12%)
SYM 18.65 Increased By ▲ 0.08 (0.43%)
TELE 9.22 Increased By ▲ 0.10 (1.1%)
TPLP 13.60 Decreased By ▼ -0.08 (-0.58%)
TRG 68.39 Increased By ▲ 0.23 (0.34%)
WAVESAPP 10.50 Increased By ▲ 0.23 (2.24%)
WTL 1.87 No Change ▼ 0.00 (0%)
YOUW 4.10 Increased By ▲ 0.09 (2.24%)
AIRLINK 203.00 Increased By ▲ 1.76 (0.87%)
BOP 10.04 Increased By ▲ 0.07 (0.7%)
CNERGY 6.93 Increased By ▲ 0.04 (0.58%)
FCCL 37.00 Increased By ▲ 1.64 (4.64%)
FFL 17.20 Increased By ▲ 0.05 (0.29%)
FLYNG 26.00 Increased By ▲ 1.79 (7.39%)
HUBC 136.18 Decreased By ▼ -2.01 (-1.45%)
HUMNL 14.19 Increased By ▲ 0.12 (0.85%)
KEL 4.87 Increased By ▲ 0.01 (0.21%)
KOSM 6.61 Decreased By ▼ -0.05 (-0.75%)
MLCF 46.69 Increased By ▲ 0.38 (0.82%)
OGDC 224.30 Increased By ▲ 1.76 (0.79%)
PACE 7.08 Increased By ▲ 0.02 (0.28%)
PAEL 42.80 Decreased By ▼ -0.34 (-0.79%)
PIAHCLA 17.12 Increased By ▲ 0.09 (0.53%)
PIBTL 8.61 Increased By ▲ 0.07 (0.82%)
POWER 9.65 Increased By ▲ 0.55 (6.04%)
PPL 189.15 Increased By ▲ 0.39 (0.21%)
PRL 43.22 Decreased By ▼ -0.05 (-0.12%)
PTC 25.69 Increased By ▲ 0.34 (1.34%)
SEARL 110.55 Increased By ▲ 0.13 (0.12%)
SILK 1.03 No Change ▼ 0.00 (0%)
SSGC 42.59 Decreased By ▼ -0.05 (-0.12%)
SYM 18.65 Increased By ▲ 0.08 (0.43%)
TELE 9.22 Increased By ▲ 0.10 (1.1%)
TPLP 13.60 Decreased By ▼ -0.08 (-0.58%)
TRG 68.39 Increased By ▲ 0.23 (0.34%)
WAVESAPP 10.50 Increased By ▲ 0.23 (2.24%)
WTL 1.87 No Change ▼ 0.00 (0%)
YOUW 4.10 Increased By ▲ 0.09 (2.24%)
BR100 12,265 Increased By 44.7 (0.37%)
BR30 37,461 Increased By 143.5 (0.38%)
KSE100 116,185 Increased By 340 (0.29%)
KSE30 36,623 Increased By 147.1 (0.4%)

NEW YORK: Wall Street stocks fell early Tuesday following a deluge of mostly solid corporate earnings but a lower global growth forecast from the IMF.

The early losses extend a downcast trend that has persisted for most of January as investors adjust equity valuations in anticipation of monetary tightening by the Federal Reserve, which began a two-day policy meeting Tuesday.

About 15 minutes into trading, the Dow Jones Industrial Average was down 1.3 percent at 33,918.01. The index finished higher Monday after recovering more than 1,200 points during the session.

The broad-based S&P 500 dropped 1.6 percent to 4,337.64, while the tech-rich Nasdaq Composite Index fell 1.9 percent to 13,599.11.

Nasdaq dives 3%, S&P 500 on course to confirm a correction

The International Monetary Fund trimmed its world GDP forecast for 2022 to 4.4 percent, half a point lower than the October estimate as the Omicron variant of Covid-19 weighs on activity.

Shares of American Express and IBM pushed higher after earnings results, while General Electric tumbled as it signaled more inflation headwinds in 2022.

More major earnings reports are scheduled this week, including from Apple, Tesla and Boeing.

Comments

Comments are closed.