US stocks slide amid geopolitical uncertainty

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NEW YORK: Wall Street stocks lost more ground, closing lower again on Tuesday (Jan 7) amid volatility over escalating tensions between Washington ...

NEW YORK: Wall Street stocks lost more ground, closing lower again on Tuesday amid volatility over escalating tensions between Washington and Tehran after the US killing of Qasem Soleimani.

Analysts have said market declines following geopolitical tensions usually do not persist once the initial shock wears off.But investors remain on alert after a mass funeral procession in Iran for Soleimani led to a And the Institute for Supply Management's services index rose 1.1 point to 55 per cent in December, putting the largest segment of the US economy solidly in growth territory.

 

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