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In the NSE midcap pack, 8 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on May 18, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates the stock’s price is below its long-term trend line. Traders use the 200 DMA as a key indicator to determine the overall trend in a particular stock. Take a look:

New York Gov. Kathy Hochul announced Monday that the Long Island Rail Road (LIRR) strike is set to end after the Metropolitan Transportation Authority (MTA) and union leaders reached an agreement.

In a post on X, Hochul said phased LIRR service is expected to resume Tuesday at noon, easing travel disruptions for hundreds of thousands of commuters across the New York region.

“Tonight, the [MTA] reached a fair deal with the five LIRR unions that delivers raises for workers while protecting riders and taxpayers,” Hochul wrote. “I’m pleased to announce that phased LIRR service will resume beginning tomorrow at noon.”

The breakthrough came after thousands of LIRR workers went on strike at midnight Saturday, effectively shutting down the nation’s busiest commuter railroad for the first time in more than three decades and threatening major economic disruption across the New York region ahead of Memorial Day.

GEN Z IS SINGLE-HANDEDLY BRINGING AMERICA’S SHOPPING MALLS BACK TO LIFE

Long Island Rail Road (LIRR) workers picket outside of Penn Station in New York, US, on Saturday, May 16, 2026. (Victor J. Blue/Bloomberg via Getty Images / Getty Images)

The strike halted service for roughly 300,000 daily riders after last-minute contract negotiations between the MTA and a coalition of five rail unions failed to produce a wage agreement.

The MTA confirmed Saturday that all LIRR service was suspended and warned there was “no substitute” for the railroad, urging commuters to work remotely if possible as officials braced for severe congestion and delays throughout the metropolitan region.

New York State Comptroller Thomas DiNapoli’s office estimated the strike could cost the regional economy up to $61 million per day in lost economic activity, as commuters scrambled for alternatives and businesses prepared for disruptions.

The labor action marked the first LIRR strike since 1994. Union leaders said workers involved in the coalition had gone more than three years without raises while negotiating a new labor agreement.  

NYC REAL ESTATE TITAN COMPARES ‘TAX THE RICH’ SLOGAN TO ‘DISGUSTING RACIAL SLURS’ AMID MAMDANI CLASH

A sign displaying the suspension of Long Island Rail Road (LIRR) service due to a strike, at Nostrand Avenue station in the Brooklyn borough of New York, US, on Saturday, May 16, 2026.  (Victor J. Blue/Bloomberg via Getty Images / Getty Images)

“This strike would not have happened if the MTA and LIRR offered our members the reasonable terms the government recommended multiple times. But management refused,” Mark Wallace, president of the Brotherhood of Locomotive Engineers and Trainmen and the Teamsters Rail Conference, said in a statement.

“We hope LIRR gets serious soon to avoid further unnecessary disruptions for hundreds of thousands of New Yorkers. They know where to find us when they’re ready: on the streets.”

MTA officials defended their bargaining position, arguing that excessive wage increases could ultimately drive up fares and strain the transit system’s finances.

MTA Chair and CEO Janno Lieber said the agency “cannot responsibly make a deal that implodes MTA’s budget” and warned taxpayers and riders could ultimately bear the cost of larger wage increases.

A commuter sits at the Long Island Rail Road (LIRR) station at Nostrand Avenue in the Brooklyn borough of New York, US, on Saturday, May 16, 2026.  (Victor J. Blue/Bloomberg via Getty Images / Getty Images)

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Hochul had previously criticized the strike as “reckless,” warning it could hurt commuters, businesses and the broader regional economy.

President Donald Trump also weighed in on the dispute, blaming Hochul for allowing the strike to occur.

“If you can’t solve it, let me know, and I’ll show you how to properly get things done,” Trump wrote on Truth Social.

The U.S. Department of Justice has formally asked a federal court to dismiss criminal charges against Gautam Adani, an Indian billionaire accused of misleading U.S. and global investors while raising billions of dollars to finance a major solar energy project in India.

Adani, considered one of Asia’s richest individuals, allegedly promised to pay more than $250 million in bribes to Indian officials to secure lucrative contracts. He and his executives further raised money from investors by falsely claiming the company maintained strict anti-corruption policies — all while allegedly continuing the bribery scheme and later attempting to conceal the evidence, prosecutors alleged in 2024.

Despite the severity of the allegations, the Justice Department has requested the case be dismissed “with prejudice,” indicating that the charges would be permanently dropped and may not be brought again in the future, according to court records filed Monday. Adani Group has denied the allegations, calling them baseless.

“The Department of Justice has reviewed this case and has decided, in its prosecutorial discretion, not to devote further resources to these criminal charges against individual defendants,” prosecutors wrote in a court filing.

INDIA BILLIONAIRE SCANDAL A ‘HITJOB’ BY US FIRM ATTACKING FINANCIAL SYSTEMS, SUPPORTERS CLAIM

Gautam Adani has a conversation during an all-party prayer meeting on February 23, 2026, in Mumbai, India.  (Bhushan Koyande/Hindustan Times via Getty Images / Getty Images)

The decision to drop the charges follows an announcement from the U.S. Securities and Exchange Commission (SEC) that it moved for entry of final judgments by consent, subject to court approval, in a related lawsuit involving Adani. The proposed resolution would not require Gautam Adani or Sagar Adani to admit or deny the SEC’s allegations.

Beginning in 2020, Adani Green Energy Limited, led by Gautam Adani, secured a major contract to develop solar power projects in India.

However, some Indian state governments allegedly declined to purchase the electricity from the project due to high costs. 

Gautam Adani, chairman of Adani Group, attends a festival in Prayagraj, Uttar Pradesh, India, on Tuesday, Jan. 21, 2025.  (Indranil Aditya/Bloomberg / Getty Images)

As a result, Gautam Adani and his nephew, Sagar Adani, allegedly resorted to bribery, including promises of more than $250 million in payments to Indian officials, in order to secure power purchase agreements for the expensive solar energy.

BILLIONAIRE INVESTOR ISSUES WARNING OVER CHINA’S ‘CRAZY’ BUSINESS TACTIC: BE ‘VERY CAREFUL’

During the same period, the company required significant capital to finance the projects and raised approximately $750 million through bond sales to U.S. and global investors. 

Federal prosecutors alleged that Adani Green and related entities raised more than $3 billion through loans and bond offerings while making false and misleading statements about the company’s anti-bribery and anti-corruption practices.

Prosecutors added that, to attract investors, the company falsely portrayed itself as an industry leader in corporate governance with a strict “zero tolerance” policy on bribery.

Indian billionaire Gautam Adani speaks during an interview at his office in the western Indian city of Ahmedabad on April 2, 2014. (Reuters/Amit Dave/File Photo/File Photo / Reuters Photos)

When U.S. authorities, including the FBI and the SEC, began investigating the alleged corruption, several executives were accused by prosecutors of attempting to obstruct the inquiry by deleting emails and electronic messages, concealing information during internal investigations, and making false statements to federal agents.

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The case dismissal is contingent upon approval by Judge Nicholas Garaufis, according to the documents.