KPIT Technologies shares tumbled nearly 17% after issuing a weaker-than-expected outlook for FY27. European automakers, facing profitability pressures from Chinese competition, are delaying project approvals and capital allocation, leading to a slower growth forecast. Analysts have revised earnings expectations downwards, anticipating a gradual recovery and subdued performance across the ER&D sector.
US stocks: Dow rockets 1,100 points, S&P over 2% as oil slide cools inflation worries; Nvidia slumps
US stocks experienced a notable upswing on Monday following a decline in oil prices that calmed inflation worries and propelled market growth. The S&P 500
November 9, 2026