Wall Street stocks resumed their downward slide on Thursday, September 10, while the pound dropped further amid a fight between Britain and the European Union on Brexit legislation.on Wednesday, September 9, United States stocks stumbled, finishing solidly lower.
Among major indices, the tech-rich Nasdaq was again the biggest loser, finishing down 2% behind declines in Apple, Amazon, and other large tech companies. But increasingly there are"question marks in peoples' minds about 'the work from home' trade," Kinahan said.European equities also pulled back earlier in the day as European Central Bank head Christine Lagarde forecast the eurozone's coronavirus downturn would be less severe than feared.
But she added,"We are monitoring carefully the impact of our currency on our medium-term inflation level."The euro gained against both the dollar and the pound, which suffered as Britain's government defied threats from the EU of legal action over Brexit legislation.