US stocks hold after the IMF report

2021-10-12 14:33:27 GMT (Economies.com)
US stocks hold after the IMF report

US stock indices held on Tuesday, weighed down by the IMF's negative forecasts about the global economy.

 

The International Monetary Fund lowered today its estimate for global GDP growth by 0.1% to 5.9% in 2021, and kept its forecast for 2022 at 4.9%.

 

The IMF also lower its forecast for US GDP in 2021 by 1% to 6% from a growth by 7% in its previous estimate.

 

Oil, natural gas, and many commodities and metals prices soared this year, thanks to the global recovery from the coronavirus pandemic, which led to a rise in the inflation in major economies, led by the US.

 

As for stocks, Dow Jones fell less than 0.1% or 1 points to 34,495 as of 14:16 GMT, and S&P 500 fell less than 0.1% or 4 point to 4,352, while Nasdaq fell 0.1% or 25 points to 14,458.

 
 
 
  Symbol Last Change Chg.%
1.1622
0.0011
0.0965%
1.3765
0.0026
0.1882%
Tadawul
11890.10
44.17
0.37%
24.383
1.069
4.588%
84.482
1.136
1.363%
86.21
0.68
0.80%
1799.755
30.015
1.696%
 
 
US
 
Europe
 
Asia