Wednesday 18th August 2021 |
Text too small? |
U.S. stock Markets fell Tuesday as investors reacted to disappointing retail sales numbers that decreased 1.1% in July worse than the expected 0.3% drop. The slowdown is attributed to the resurgence in COVID-19 infections. The Dow Jones Industrial Average dropped 0.79%, while the S&P 500 and the Nasdaq Composite declined 0.7% and 0.93%, respectively. The Dow and the S&P 500 ended their five-day streaks of closing at record highs.
Other key overseas markets were mostly lower, with European bourses closing mixed with Germany’s DAX 30 and France’s CAC 40 losing 0.02% and 0.28%, respectively, while Britain’s FTSE 100 was 0.38%. In Asia, Japan’s Nikkei 225 and Hong Kong’s Hang Seng index lost 0.36%, 1.66% respectively and China’s Shanghai Composite fell 2%.
West Texas Intermediate crude oil was 70 cents down at $66.59 a barrel and gold sank $1.90 to $1,785 an ounce.
No comments yet
29th June 2022 Morning Report
28th June 2022 Morning Report
27th June 2022 Morning Report
23rd June 2022 Morning Report
22nd June 2022 Morning Report
21st June 2022 Morning Report
20th June 2022 Morning Report
17th June 2022 Morning Report
16th June 2022 Morning Report
15th June 2022 Morning Report