Global stocks drop as economic worries weigh, dollar climbs | Malay Mail

All three major US stock indexes ended lower, with the Nasdaq down 1.9 per cent and leading the day's losses. — Reuters pic

Shares of Facebook, among the biggest drags on the S&P 500 and Nasdaq, fell 1.9 per cent after the US Federal Trade Commission and nearly every US state sued the social media company yesterday, saying it broke antitrust law and should potentially be broken up. “We had a pretty nice boost in the morning on speculation that we might get a new package, but it's kind of an on-again and off-again thing,” said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin.

Britain this week became the first Western nation to begin a wide vaccination campaign. However, Britain injected a note of caution, saying people with a history of significant allergic reactions responded adversely to the Pfizer vaccine.

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Data, lockdowns weigh on global stocks and oil; dollar rises | Malay MailNEW YORK, Jan 16 — Stock and oil prices fell yesterday, pressured by intensifying lockdowns and weak US retail sales data, while the dollar index posted its largest weekly gain in more than two months. US bond yields and stocks have risen recently, partly on expectations about the rollout of...
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