Stocks fall after touching six-week high, dollar weaker after US data - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Wall Street posted modest losses in early trading but declines on the S&P 500 accelerated as Big Tech names such as Meta and Alphabet lost ground in the wake of earnings from Snap Inc, which plunged 39.08%.“Every rally we have had during this bear market, there have been a number of sharp rallies and then they fade and we set new lows and that has been a pretty consistent pattern here,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.

The Dow Jones Industrial Average fell 137.61 points, or 0.43%, to 31,899.29, the S&P 500 lost 37.32 points, or 0.93%, to 3,961.63 and the Nasdaq Composite dropped 225.50 points, or 1.87%, to 11,834.11.The gains for the Dow and S&P marked their biggest weekly percentage gains in four. On Thursday, the European Central Bank raised rates by 50 basis points after weeks of indicating a 25 basis point hike was in the offing.

After touching a 20-year high last week, the dollar was on track for its biggest weekly percentage decline in nearly two months.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

WATCH: What to expect from US tech stocksBusiness Day TV talks to Schalk Louw, wealth manager at PSG Wealth
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »

Business Maverick: Juul considers bankruptcy amid US crackdown on e-cigarettesThe e-cigarette producer has faced increasing pressure on its sales as regulators and prosecutors have tried to clamp down on teenage vaping. In June, the FDA banned the Juul products on US shelves, citing a lack of evidence demonstrating the overall safety of the company’s products, and noting Juul’s “disproportionate role in the rise in youth vaping”.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: TikTok owner spends record $2.14 million on US lobbyingThe video-streaming sensation has been the object of increasing scrutiny from lawmakers and officials who have expressed concerns in recent months over the data privacy granted to US users and whether their personal information can be accessed by the Chinese government.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »