NEW YORK — U.S. stocks tumbled Tuesday to their worst day since an early August sell-off, as a week full of updates on the economy got off to a discouragingly weak start.
“Demand remains subdued, as companies show an unwillingness to invest in capital and inventory due to current federal monetary policy and election uncertainty,” said Timothy Fiore, chair of the Institute for Supply Management’s manufacturing business survey committee. Other reports due later this week could show how much help the economy needs, including updates on the number of job openings U.S. employers were advertising at the end of July and how strong U.S. services businesses grew last month. The week’s highlight will likely arrive on Friday, when a report will show how many jobs U.S. employers created during August.
But if Friday’s report is weaker, it could drive the Fed to deliver an outsized cut of half a percentage point from the federal funds rate’s current range of 5.25% to 5.50%, Mericle said. Nippon Steel also reiterated that it expects the transaction to close by the end of this year, despite ongoing political and labor opposition.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Stock market today: Wall Street opens lower, pulling the Dow below its record highNEW YORK (AP) — Stocks are opening slightly lower on Wall Street, pulling the Dow Jones Industrial Average a bit below the record high it set a day earlier. The Dow gave back 63 points in the first few minutes of trading Tuesday, or 0.1%.
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »
Dow ticks lower, Wall Street gauges recession fears around consumer data: Yahoo FinanceMajor market indexes (^DJI, ^IXIC, ^GSPC) are mixed Tuesday afternoon after recent consumer confidence data pointed to a recession. The Dow Jones Industrial ...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »
Stock market today: Wall Street slips at the start of a week full of economic updatesU.S. stocks are sinking at the start of a week full of updates on the economy’s strength. The S&P 500 slipped 0.6% in early Tuesday trading, coming off a winning week that had carried it to the cusp of its all-time high.
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »
Stock market today: Wall Street climbs as S&P 500 closes out fourth-straight winning monthTHIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks on Wall Street bounced back from a midafternoon fade Friday, leaving the market on pace to close out its fourth-straight winning month with more gains. The S&P 500 was up 0.
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »
Stock market today: Wall Street rises as inflation report confirms price increases are coolingNEW YORK (AP) — Stocks are rising on Wall Street following a positive report on inflation. The S&P 500 rose 0.5% early Friday and the Nasdaq is up 0.7%. The Dow Jones Industrial Average is up 160 points, or 0.
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »