Sectors  

PMI survey says the UK service sector growth has plunged sharply in August, Markit/Cips services purchasing managers' index drops 51.1 in the month

After facing a downturn last week, US stocks made a solid start on the first day of the new week.

The social media giant has claimed Friday that it has raised $1.5 million from investors Goldman Sachs and Digital Sky Technologies. The valuation of the company had risen to approximately $50 billion after the investment deal.

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US stocks closed lower Thursday as the Dow Jones Industrial Average dropped 2.5 points to 11823, the Standard & Poor's 500 slipped 1.7 points to 1280 and the Nasdaq Composite declined 21 points to 2704.

This is the best quarter for tech giant Apple. Apple has reported revenue of $26.7 billion for the quarter, which was mainly driven by Apple’s two happening products – iPad and iPhone, sales of which fetched a profit of $6 billion to Apple, creating a new record for the company.

New York-based investment banking and securities giant Goldman Sachs brought Facebook private share offering to a standstill for the investors outside the US concerning that ‘intense media coverage’ on the deal would lead to regulatory infringement.

This is rare scene when it comes to the Indian markets. Both the precious metals gold and silver have dipped on the stock indices of India while taking cues from the volatile global markets and weakening demand.

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