News Formal

Wall Street slips as global growth concerns hit tech stocks

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

United States News News

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

A fall in technology stocks pulled Wall Street's main indexes lower on Tuesday as weak economic data from China revived global recession fears, ...

REUTERS: A fall in technology stocks pulled Wall Street's main indexes lower on Tuesday as weak economic data from China revived global recession fears, but losses were tempered by hopes on trade.

Analysts attributed some of the selloff in tech to investors re-distributing wealth into stocks that have underperformed during the year. Trading so far this week has largely been subdued as investors hold out for policy decisions from central banks on potential monetary easing. The European Central Bank will hold its policy meeting on Thursday.

Details on its new video streaming service could also move shares of Netflix Inc and Walt Disney Co . Netflix was down 0.2per cent.

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:

 /  🏆 6. 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 down as global growth worries hit tech stocksU.S. stock index futures dipped on Tuesday as weak economic data from China signaled slowing growth in the country, rekindling fears of global ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »