Wall Street closes lower as Intel dives, earnings and pandemic weigh | Malay Mail

Saturday, 25 Jul 2020 07:52 AM MYT

“There's a skittishness ahead of the weekend after yesterday's tech and growth sell-off,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina. “With the rally we've seen so far in July, it makes sense to see anxiety ahead of a huge earnings week, the Fed decision and what's likely to be the worst GDP in our lifetimes,” Detrick added.

The Dow Jones Industrial Average fell 182.44 points, or 0.68 per cent, to 26,469.89, the S&P 500 lost 20.03 points, or 0.62 per cent, to 3,215.63 and the Nasdaq Composite dropped 98.24 points, or 0.94 per cent, to 10,363.18.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Wall Street stocks pull back as US economy shows signs of stalling | Malay MailNEW YORK, July 24 — European stocks gave up most of their early gains yesterday and Wall Street equities fell after US initial jobless claims pointed to renewed lockdowns taking a heavy toll on the stuttering economy. The US Department of Labor reported that 1.4 million people applied for jobless...
Source: malaymail - 🏆 1. / 86 Read more »

Wall Street stocks pull back as US economy shows signs of stalling | Malay MailNEW YORK, July 24 — European stocks gave up most of their early gains yesterday and Wall Street equities fell after US initial jobless claims pointed to renewed lockdowns taking a heavy toll on the stuttering economy. The US Department of Labor reported that 1.4 million people applied for jobless...
Source: malaymail - 🏆 1. / 86 Read more »