Stock Market News Today: Indexes drop as China's economy weakens

The final trading day of the month kicked off in the red, with weak economic data coming out of China and investors still keeping eyes on Washington for updates on a potential conclusion to the debt-ceiling drama.

Chinese factory activity contracted at a faster pace in May, and service-sector growth cooled off, dashing hopes for a stronger rebound in the world's second largest economy. China's sluggish emergence from COVID-19 lockdowns has showed up across all parts of its economy, includingMeanwhile, the debt ceiling deal that President Joe Biden and House Speaker Kevin McCarthy reached over the weekend will head to a vote on the House floor Wednesday evening.

This month, the S&P 500 is up about 0.9%, while the Nasdaq Composite has added 6.5% and the Dow has declined more than 3%.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asian Stock Market: Tumbles as China’s factory activity disappoints, oil remains below $70Markets in the Asian session have nosedived as investors underpinned the risk-aversion theme after disappointing China’s official Manufacturing PMI da
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »

Stock Market Today: Dow Futures Fall After Weak China DataU.S. stock futures edged lower as Chinese factory and services activity data pressured equity markets around the world. Follow the latest markets updates.
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »

Stock market news today: Nasdaq jumps amid debt ceiling deal, AI frenzyUS stocks trade mixed after debt ceiling deal and ongoing AI frenzy
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Stock market news today: Investors await completion of debt ceiling dealUS stocks trade mixed after paring gains as investors await completion of debt ceiling deal
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Stock Market News: Debt ceiling wrangling, American Airlines lifts outlook, Bud Light sales sinkInvestors are monitoring the back and forth over the debt ceiling vote as the deadline nears, American Airlines lifted its outlook as demand rebounds, Target and Bud Light continue to see customer and investor backlash. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Herkunft: FoxBusiness - 🏆 458. / 53 Weiterlesen »

Why stock market has been stable during economic chaos: quantsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »