Stocks mostly slip; dollar touches lowest since late February | Malay Mail

Investors have been considering whether rising inflationary pressure in the United States could force the Federal Reserve to reduce its support in order to prevent the world’s largest economy from overheating. — Reuters picNEW YORK, May 19 — Wall Street stocks fell yesterday, with technology shares turning lower in late trading, while the US dollar touched its lowest level since late February.

Investors have been considering whether rising inflationary pressure in the United States could force the Federal Reserve to reduce its support in order to prevent the world’s largest economy from overheating. “We’re seeing this dollar weakness against numerous pairs and the market is starting to believe the Fed that we’re going to have low interest rates a lot longer,” said Edward Moya, senior market analyst at OANDA in New York.

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S&P 500, Dow slip as telecom stocks eclipse upbeat results from retailers | Malay MailMAY 18 — The S&P 500 and the Dow fell today as sharp declines in telecom stocks and a weak housing starts data overshadowed upbeat earnings from Walmart and Home Depot. AT&T Inc shed 7 per cent, the top drag on the benchmark S&P 500, as it extended declines from Monday, when the...
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