US markets slip on Friday, 23rd Oct 09
US markets slipped on Friday as lower earnings from industralised companies weighed on the market sentiment despite robust growth by technology firms.
Dow Jones Industrial Average index declined below the 10,000-mark to end at 9,972, down 109 points. The Nasdaq was down 11 points at 2,154.
The Indian ADRs also closed mostly in red. MTNL tumbled over 3% to $3.32. Tata Motors dropped over 2% to $11.45. Sterlite, Patni Computers, ICICI Bank and HDFC Bank were down 1-2% each. Dr.Reddy’s, however, surged 3.7% to $20.43.
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