News Formal

Mixed close for US stocks after horrendous data, Dow down 0.9%

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

NEW YORK (AFP) - Wall Street limped to a mixed a close on Thursday (July 30) following the release of data showing a historically bad crash in US economic growth as well as rising joblessness.. Read more at straitstimes.com.

NEW YORK - Wall Street limped to a mixed a close on Thursday following the release of data showing a historically bad crash in US economic growth as well as rising joblessness.

But the tech-rich Nasdaq Composite Index gained 0.4 per cent to finish at 10,587.81 ahead of second-quarter earnings from industry leaders Apple, Amazon, Alphabet and Facebook released after the close. The decline, though slightly less bad than expected, was the worst on record for the world's largest economy dating back to 1947.

The data further illustrated"the unprecedented disruption of the Covid-19 pandemic," investment bank Charles Schwab said in analysis.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 8. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kodak CEO's fortune swells US$79 million as stocks rally on US government loanEastman Kodak Co CEO Jim Continenza added US$79 million to his net worth on Wednesday when his options in the imaging company turned from ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »