Stocks drop on renewed concern over US banks

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The local stock market gave up some gains as investors took profits following weakness in US bourses. | ManilaBulletin

The main index lost 66.0 points or 0.99 percent to close at 6,606.69 as Banks led the retreat while the Mining and Oil sector bucked the trend and advanced. Volume improved but remained low at 567 million shares worth P4.92 billion as losers edged out gainers 91 to 86 with 56 unchanged.

He added that, “Back home, the S&P Global PH PMI reading stood at 51.4 in April--the slowest in 8 months.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Wall Street stocks end lower, dollar gains after data; Fed, earnings in the wingsThe Dow Jones Industrial Average falls 0.14%, the S&P 500 loses 0.04%, and the Nasdaq Composite drops 0.11% on Monday, May 1.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Stocks sink; Treasury yields, dollar fall; Fed, debt ceiling in focusBank stocks underperform sharply on Wall Street on Tuesday, May 2, after the weekend failure of First Republic Bank.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

San Pedro, Laguna revives Sampaguita Festival to boost local flower industryThe city government hopes to boost its local sampaguita industry through the revival of the Sampaguita Festival on Monday, May 1. ManilaBulletin READ:
Source: manilabulletin - 🏆 25. / 51 Read more »