HONG KONG — Asian stocks tumbled Wednesday after Wall Street had its worst day since early August, with the heavyweight Nvidia falling 9.5%, leading to a global decline in chip-related stocks.
U.S. futures were lower. Rising oil supply was driving down prices, as Libya moved closer to resolving a conflict over control of the country’s oil revenue that meant its oil production may soon increase. On Tuesday, the S&P 500 sank 2.1% to give back a chunk of the gains from a three-week winning streak that had carried it to. The Dow Jones Industrial Average dropped 626 points, or 1.5%, from its own record set on Friday before Monday’s Labor Day holiday. The Nasdaq composite fell 3.3% as Nvidia and other Big Tech stocks led the way lower.Treasury yields also stumbled in the bond market after a report showed U.S.
All told, the S&P 500 fell 119.47 points to 5,528.93. The Dow dropped 626.15 to 40,936.93, and the Nasdaq composite sank 577.33 to 17,136.30.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Asian Stocks Set to Fall as Tech Drags Wall Street: Markets Wrap(Bloomberg) -- Asian equities are poised to come under pressure Tuesday after technology stocks dragged down Wall Street as traders repositioned ahead of...
Lire la suite »
Asian stocks mixed after Wall Street rallies as 'time has come' for rate cutsHONG KONG (AP) — Asian stocks were mixed Monday after U.S. stocks rallied close to their records on the expectation the Federal Reserve will start cutting...
Lire la suite »