Wall Street eases from all-time highs

Economies.com
2020-02-13 15:08PM UTC

The main US stock indices opened lower on Thursday, weighed down by sharp losses in the technology sector and the lingering concerns over the coronavirus.

 

China revealed today that the coronavirus death toll rose to more than 1,360 victims, and infected about 60,000 cases.

 

Fed Chair, Jerome Powell, said before the US Senate yesterday that the Fed might use more quantitative easing, adding that the fiscal policy is as important as monetary policy in combating any upcoming recession.

 

Data showed today that the jobless claims in the US increased by 2,000 to 205K during the past week, while the CPI reading for January rose by 0.1%.

 

As for stocks, Dow Jones fell by 0.6% or 185 points to 29,360 as of 15:06 GMT, Nasdaq lost 0.5% or 51 points to 9,674, and S&P 500 lost 0.2% or 7 points to 3,372.

American Markets News

Americas News

Markets

Dow Jones rises ahead of US inflation data
2024-03-27 15:35PM UTC
Most US stock indices rose on Wednesday ahead of new important US data on growth and personal ...
Americas News

Markets

Wall Street gains ground following positive data
2024-03-26 15:41PM UTC
US stock indices rose on Tuesday after a series of losses as markets assess latest ...
Americas News

Markets

Wall Street loses ground as the week opens up
2024-03-25 16:16PM UTC
Most US stock indices declined on Monday as markets assess the Federal Reserve’s stance on ...