Description
Wall St closed lower overnight as the Dow Jones ended a 4-day winning streak losing 0.7%. The S&P500 dropped 0.19% and the tech-heavy Nasdaq gained just 0.04%. In terms of US stocks, both General Motors and Ford fell more than 4% following downgrades from Morgan Stanley.Over in Europe, markets fell as the China-fuelled rally lost momentum. The STOXX600 closed 0.11% with half of the major sectors ending the trading day in the red. Germany’s DAX dropped 0.41%, the French CAC lost half a per...
The US economy showed strength this week, with robust business activity and easing inflation. However, the global economic outlook was less positive, with the Eurozone and UK experiencing renewed downturns. Asia-Pacific economies also released key economic indicators and monetary policy...
Published 11/28/24
Wall St closed lower overnight as the S&P 500 snapped a 7-day winning streak, down 0.38%. The Dow Jones lost 0.3% and the tech-heavy Nasdaq fell 0.6% as Nvidia lowered by 2%.Other tech companies such as Dell and HP also lost over 11% following weak earnings guidance.US inflation data was also...
Published 11/27/24