US stocks retreat on disturbing virus trends, banks lower | Malay Mail

📆 2020/06/27 00:16:00
📰 malaymail

⏱ Reading Time:
18 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 86%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

NEW YORK, June 26 — Wall Street stocks fell early today as rising coronavirus cases continued to slow the US recovery and bank shares tumbled after the Federal Reserve barred banking share buybacks. About 15 minutes into trading, the Dow Jones Industrial Average was down 1.1 per cent to...

The Fearless Girl statue is seen outside the New York Stock Exchange in New York City, New York, US, June 11, 2020. — Reuters pic

The governors from Texas and Florida yesterday both signalled that they would pause the reopening of their economies as the two giant states of the US sunbelt contend with spikes in coronavirus cases. US indices fell sharply Wednesday, but recovered some of those losses yesterday on bargain hunting facilitated by loose monetary policy.

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:

Write Comment

South Africa South Africa Latest News, South Africa South Africa Headlines

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

US stocks tumble on new Texas restrictions to combat virus | Malay MailNEW YORK, June 26 — Wall Street stocks were down sharply at mid-morning today, adding to losses after Texas partly reversed the reopening of its economy due to surging coronavirus cases. Near 1445 GMT, the Dow Jones Industrial Average was down 2.2 per cent, or around 560 points, at 25,182.05. The...
Source: malaymail - 🏆 1. / 86 Read more »