US stocks fall on weak China data | Malay Mail

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.

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