Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

US stocks hold after the IMF report

Economies.com
2021-10-12 14:18PM UTC

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.

American Markets News

Americas News

Markets

Wall Street loses ground amid mounting tariff war
2025-07-11 15:29PM UTC
U.S. stock indices declined during Friday trading as the global trade war between the United States ...
Americas News

Markets

Wall Street maintains gains, NASDAQ marks another record close
2025-07-09 20:30PM UTC
US stock indices climbed during Wednesday’s session and held onto their gains following the ...
Americas News

Markets

Wall Street gains ground ahead of Fed's minutes
2025-07-09 15:20PM UTC
U.S. stock indexes rose at the start of trading on Wednesday as markets assessed developments in ...