Stocks decline in Asia, extending losses on Wall Street

  • 📰 WOKVNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

US stocks lose ground as markets ponder the Fed's next moves

People walk past the New York Stock Exchange on Wednesday, June 29, 2022 in New York. Stocks are opening lower across the board on Wall Street, Tuesday, July 5, and crude oil prices are dropping again. Treasury yields also fell as traders continued to worry about the state of the economy Shares fell in Asia on Wednesday after Wall Street declined on fears the Federal Reserve will need to keep the brakes on the economy to get inflation under control, risking a sharp recession.

On Tuesday, the S&P 500 fell 1.4%, its fourth straight loss, to 3,941.26 and the tech-heavy Nasdaq sank 2%, to 11,014.89. Small company stocks also fell, pulling the Russell 2000 index 1.5% lower. The major indexes are on pace for a weekly loss after posting two straight weekly gains.Several companies made big moves following financial updates and buyout announcements.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 247. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks fall again on Wall Street, extending recent lossesStocks fell again on Wall Street, extending the market's recent string of losses
Source: WOKVNews - 🏆 247. / 63 Read more »

BTC price hits new December low as Bitcoin dips 2% with Asia stocksIt’s looking like a red Christmas. Bitcoin hit new month-to-date lows on Dec. 7 as Asian markets fell during trading. (Reporting via WilliamSuberg)
Source: Cointelegraph - 🏆 562. / 51 Read more »