US stocks tumble as market grapples with growth fears

File: Wall Street was also down at the opening bell in New York, poised to clock up a third day of losses.declined on Wednesday following a choppy session as the market grappled with lingering worries over the economic growth outlook.

But the other major indexes saw bigger declines: The broad-based S&P 500 shed 0.5 percent ending at 2,805.37, while the tech-rich Nasdaq Composite Index fell 0.6 percent to 7,643.38. "Buyers showed up during the second part of the session," said Adam Sarhan of 50 Park Investment, who considers the market's jitters over bond yields overblown.Among individual companies, Boeing rose 1.0 percent as it unveiled proposed changes to flight software on its 737 MAX aircraft, which have been grounded following two deadly plane crashes in five months.

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.

Asian stocks rebound after two days of lossesEquities recover as US 10-year treasury yields edge higher, but the outlook remains murky as traders wonder whether the US economy is in danger of slipping into recession
Source: BDliveSA - 🏆 12. / 63 Read more »

Global stocks tumble as bond markets sound U.S. recession warning - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Investors ditched shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets fell out of favor on growing fears about a U.S. recession, sending global yields plunging. U.S. stocks futures fell, with E-minis for the S&P 500 skidding 0.5 percent. MSCI’s broadest index …
Source: SABC News Online - 🏆 32. / 51 Read more »