Wall Street dips, dollar gains on economic, geopolitical concerns - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Economically sensitive transports underperformed the broader market.

“There is the uncertainty surrounding Pelosi’s trip to Taiwan and there’s additional data, regarding economic softness,” said Sam Stovall, chief investment strategist of CFRA Research in New York. “Regarding recession, it’s not a question of ‘if’ but ‘when and how deep.'” The Dow Jones Industrial Average fell 402.23 points, or 1.23%, to 32,396.17, the S&P 500 lost 27.44 points, or 0.67%, to 4,091.19 and the Nasdaq Composite dropped 20.22 points, or 0.16%, to 12,348.76.The pan-European STOXX 600 index lost 0.32% and MSCI’s gauge of stocks across the globe shed 0.93%.

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Business Maverick: US futures dip, stocks mixed on Fed, China caution: markets wrapUS equity futures fell and Asian stocks were mixed on Monday, hampered by the challenges swirling around China and a reminder from Federal Reserve officials that their key objective is to fight high inflation.
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Business Maverick: Stocks drop as US-China tension stirs haven demand: markets wrapStocks in Asia retreated on Tuesday amid escalating US-China tension over Taiwan and deepening worries about a global economic slowdown, risks that are supporting demand for Treasuries as a haven.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »