fell after heavy selling in US stocks and long-dated Treasuries as investors digested data showing a hot US labor market that will keep pressure on the Federal Reserve to maintain restrictive policy.
Contracts for benchmarks in Japan, Australia and Hong Kong fell. The S&P 500 declined 1.4%, its worst day since April, stemming a recent rally partly driven by investor demand for artificial intelligence stocks.
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:
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, Treasuries gain after Fitch downgrades US rating By Reuters⚠️BREAKING: *GLOBAL STOCKS FALL, TREASURIES GAIN AFTER FITCH DOWNGRADES U.S. DEBT RATING
Source: Investingcom - 🏆 450. / 53 Read more »
Tupperware's and Yellow's stocks have skyrocketed, but don’t confuse them with meme stocksShares of Tupperware and Yellow have soared recently, but they shouldn’t be confused with meme stocks, says Samantha LaDuc, founder of LaDucTrading.com
Source: MarketWatch - 🏆 3. / 97 Read more »
Lattice Semiconductor and Rambus shares fall after results, and other stocks on the moveArista Networks, Uber Technologies, Lattice Semiconductor and Rambus are among the stocks in the spotlight.
Source: MarketWatch - 🏆 3. / 97 Read more »
AMD shares rise as chipmaker tops expectations, Starbucks shares fall and other stocks on the moveAMD, Match Group, Starbucks and Electronic Arts are on the move.
Source: MarketWatch - 🏆 3. / 97 Read more »
First Mover Asia: Asia Stocks Open Soft, Bitcoin Jumps Past $30K on MicroStrategy Filing and Despite Fitch Treasury DowngradeBitcoin climbed past $30K at one point after Asia TradFi markets opened, amid a US credit downgrade and filing by MicroStrategy to sell stock with the intent of purchasing more bitcoin. PLUS: BTC dominance fell in July. TheSamReynolds, JPRubin23 write
Source: CoinDesk - 🏆 291. / 63 Read more »
Stocks are in a 'pivot rally' that can still go higher: Morgan StanleyStocks are in the middle of a 'pivot rally' that still has room to run, according to one of Wall Street's biggest bears
Source: BusinessInsider - 🏆 729. / 51 Read more »