Wall Street US Stock Market crash: Bond prices also fell sharply, sending their yields higher, after a report showed inflation decelerated only to 8.3% in August.
For now, most economists don't foresee a downturn in the near future. Despite the inflation squeeze, consumers — the primary driver of the economy — are still spending at a healthy pace. Businesses are investing in equipment and software, reflecting a positive outlook. And the job market is still booming, with hiring strong, layoffs low and many employers eager for more workers.
Worries about debt-engorged Chinese property developers — and the damage they could do to investors worldwide if they default — are rippling across markets. Investors are also concerned that the U.S. Federal Reserve could signal this week that it’s planning to pull back some of the support measures it’s been giving markets and the economy.
Stocks are pulling lower Friday, as Wall Street’s first reaction to President Donald Trump’s testing positive for the coronavirus was to retrench.
US stocks opened mostly lower on Monday as investors grew nervous of a resurgence of coronavirus infections across the country amid lockdown easing.
The US stock markets have opened marginally higher after their worst day since 1987 on Monday. Dow has opened 300 points up while S&P 500 has opened above 2,400. There is still considerable volatility in the market with coronavirus threat looming large across the world.
Stocks went into a steep slide Monday on Wall Street as a combination of coronavirus fears and a crash in oil prices spread alarm through the market, triggering the first automatic halt in trading in over two decades to let investors catch their breath.
New York: The much anticipated initial public offer by microblogging site Twitter is likely to hit the US stock market on November 15, claims a research report.Twitter has disclosed plans to raise up to $1
Top News
Latest News
