NEW YORK, Aug 16 — Wall Street stocks fell early today following disappointing Chinese economic data amid rising expectations the Federal Reserve will soon announce plans to taper its stimulus program.
The United States has also seen a sharp uptick in Covid-19 infections, with some cities reimposing mask mandates, and data showing signs of eroding confidence and slowing activity.The broad-based S&P 500 dropped 0.5 per cent to 4,444.88, while the tech-rich Nasdaq Composite Index declined 0.8 per cent to 14,708.43.
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:
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.
Asian stocks mostly down as China recovery weakens | Malay MailHONG KONG, Aug 16 — Asian stocks were mostly down today as weak Chinese economic data, fears of a resurgent coronavirus and the Taliban’s victory in Afghanistan gnawed at investor sentiment. Retail sales in China expanded 8.5 per cent in July year-on-year and industrial output was up 6.4 per...
Source: malaymail - 🏆 1. / 86 Read more »
Asia stocks stumble as China data disappoint | Malay MailSYDNEY, Aug 16 — Asian share markets slipped today after a raft of Chinese data showed a surprisingly sharp slowdown in the engine of global growth, just as much of the world races to stem the spread of the Delta variant of Covid-19 with vaccinations. Figures on July retail sales, industrial...
Source: malaymail - 🏆 1. / 86 Read more »
Weak China data halts winning streak for European stocks | Malay MailLONDON, Aug 16 — A ten-day run of gains for European stocks came to a halt today following a surprise slowdown in China’s economic indicators, with commodity-linked stocks falling the most. The pan-European STOXX 600 index fell 0.5 per cent in early trading, easing from record levels last week....
Source: malaymail - 🏆 1. / 86 Read more »