Dow vs Nasdaq: Market Guru Anil Singhvi decodes opposite trends in both US indices
Zee Business Managing Editor and Market Guru Anil Singhvi on Tuesday talking about global cues and the US stock market explained why Nasdaq and Dow Jones, both US indices, have been responding opposite.
"It is not like the Indian stock market where indices such as Nifty and Bank Nifty go in sync. These indices are directly linked to the economy. But in America, Dow is an old economy stock, while Nasdaq is totally new economy stocks."