US stocks slide 3% as recession fears grip markets

Traders work before the closing bell at the New York Stock Exchange in New York, the US, August 14 2019. Picture: JOHANNES EISELE / AFP

The Dow Jones Industrial Average fell 800.49 points, or 3.05%, to 25,479.42, the S&P 500 lost 85.72 points, or 2.93%, to 2,840.6, and the Nasdaq Composite dropped 242.42 points, or 3.02%, to 7,773.94. Dire economic data from China and Germany suggested a faltering global economy, stricken by the increasingly belligerent US-China trade war, Brexit woes and geopolitical tensions.

“Even if it is accurate in foreshadowing a recession, that doesn’t mean it’s coming tomorrow,” he added.Macy’s shares plunged 13.2% after the department store operator missed quarterly profit estimates and cut its full-year earnings estimates.A US House of Representatives oversight panel called on Mylan NV and Teva Pharmaceutical Industries to turn over documents as part of a review into generic drug price increases.Facebook slid 4.

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.

MARKET WRAP: JSE closes at seven-month low as US recession fears stalk marketsA raft of gloomy global economic data puts pressure on risk assets, while the US-China trade war continues to sour investor appetite
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

JSE could get a boost as global stocks rebound on US tariff delayThe US pushed back the September 1 deadline to impose a 10% tariff on Chinese imports, which include cellphones, laptops, toys and other goods
La source: BDliveSA - 🏆 12. / 63 Lire la suite »