The first full week of what has traditionally been the worst month of the year for Wall Street stocks got underway on Tuesday, with more poor economic data...
The first full week of what has traditionally been the worst month of the year for Wall Street stocks got underway on Tuesday, with more poor economic data from China and further crude oil supply cuts by Saudi Arabia and Russia.
Read: A stormy September for U.S. stocks may lie ahead. What investors need to know about Wall Street’s worst month. On Tuesday, U.S. stocks slipped on what Reynolds regards as the risk of “stagflation-lite” to “some extent, but not fully yet.” All three major U.S. stock indexes DJIA SPX COMP were lower in New York afternoon trading, after the downbeat international data and a report showing U.S. factory orders fell 2.1% for July.
However, “the rise in energy prices should flow into consumer prices over time, which is not good news for markets and would require a bigger correction than what we’ve seen,” something on the order of 20% for the S&P 500 from this summer’s peak, he said.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Wall Street is raising quarterly profit forecasts for the first time in two yearsGrowing optimism about the economy is starting to filter down into Wall Street's expectations for individual companies' quarterly results.
Weiterlesen »
How China's slowdown could hit Washington and Wall StreetThe spillover from a slowing Chinese economy “cannot just be wished away,” said Josh Lipsky, a former State Department and IMF official who’s now the senior director of the Atlantic Council's GeoEconomics Center.
Weiterlesen »
Wall Street is off to downbeat start following two weeks of gainsStocks fell on Wall Street as traders return from a long holiday weekend.
Weiterlesen »
AUD/USD rebounds ahead of RBA’s decision, as Wall Street pauses on Labor DayThe Australian Dollar (AUD) pared some of its last Friday’s losses against the US Dollar (USD) ahead of the upcoming Reserve Bank of Australia’s (RBA)
Weiterlesen »
Here are Tuesday's biggest analyst calls: Nvidia, Apple, Disney, Walmart, Lowe's, Alphabet & moreHere are the biggest calls on Wall Street on Tuesday.
Weiterlesen »