FILE - The New York Stock Exchange on June 29, 2022, in New York. NEW YORK — Stocks fell in morning trading on Wall Street Tuesday as global fears about a looming recession were stoked by dour forecast from the International Monetary Fund.
The S&P 500 fell 1% as of 10:16 a.m. Eastern. The Dow Jones Industrial Average fell 57 points, or 0.2%, to 29,143 and the Nasdaq fell 1.4%. Technology stocks were the biggest weights on the market. Chipmakers continued slipping in the wake of the U.S. government’s decision toUber fell 12.7% and Lyft slumped 12.6% after the Department of Labor published a proposal on how workers should be classified, which couldHousehold good makers and utilities held up better than the rest of the market as investors shifted more money into the sectors, which are considered less risky.
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:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RingCentral added to ‘zombie’ stocks list by equity research firm New ConstructsCloud-based communication company RingCentral is a 'cash incinerator' at risk of declining to $0 per share, according to equity research firm New Constructs. RingCentral’s stock has fallen 80.9% in 2022, outpacing the S&P 500 index’s decline of 24.3%. My firm used to use them, they were atrocious. Good riddance. At 30%+ yoy growth for the last 5 years? Are we talking about $RNG here $goev has to be on there soon
Source: MarketWatch - 🏆 3. / 97 Read more »
Chinese Chip Stocks Tumble After U.S. Calls for New Curbs on High-End TechChinese chip stocks fell Monday after the U.S. announced new export controls aimed at limiting Beijing’s ability to produce advanced military systems. America wants to remain the foremost superpower, hence its encouraging Taiwan to breakaway and banning Chinese tech from trading with American subjects in Europe/Mid-East. So try to tell us some good news. I dare ya
Source: NBCDFW - 🏆 288. / 63 Read more »
U.S. Stocks Fall in Volatile Trading, Nasdaq Hits New LowU.S. stock indexes finished lower as concerns about Fed policy and escalation in the Ukraine war weighed on markets.
Source: WSJ - 🏆 98. / 63 Read more »