NEW YORK, Sept 3 — After following European equities higher yesterday, Wall Street stocks reversed course, finishing sharply lower after Russia kept shut a key gas pipeline to Germany.
In a statement, Gazprom indicated it had discovered “oil leaks” in a turbine during a planned three-day maintenance operation, a statement that was seen skeptically in light of international condemnation of Russia’s invasion of Ukraine. “You can draw a line to that Gazprom news,” said Briefing.com analyst Patrick O’Hare. “We’re going to continue to be stuck with this energy crisis hitting Europe and the prospect of a recession there.” After opening higher, the broad-based S&P 500 finished at 3,924.35, down 1.1 per cent for the day and 3.3 per cent for the week.
Markets have been expecting a third 0.75-percentage-point hike later this month. While the August jobs growth remained solid, unemployment rose to 3.7 per cent from 3.5 per cent.
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
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