While new data on unemployment, labour productivity and costs are in line with the US economy dodging a downturn, it fails to boost markets on Thursday. – EPA pic, August 4, 2023.
MAJOR stock markets mostly slid further yesterday as traders moved out of riskier assets after Fitch stripped the United States of its top credit rating this week. All three major US indices ended lower, with the broad-based S&P 500 down 0.3% while investors awaited Apple and Amazon’s earnings reports after the closing bell.
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