NEW YORK, Aug 19 — Wall Street indexes fell today on concerns the Federal Reserve could begin to rein in its massive monetary stimulus, while commodity-linked stocks sank as oil and metal prices tumbled to multi-month lows. The S&P energy sector was the worst performer among its peers with a...
NEW YORK, Aug 19 — Wall Street indexes fell today on concerns the Federal Reserve could begin to rein in its massive monetary stimulus, while commodity-linked stocks sank as oil and metal prices tumbled to multi-month lows.
Data from the labor department today showed weekly unemployment claims at a 17-month low, further supporting the view that a job market recovery was underway. “It’s a wall of uncertainty that’s surrounding markets, when markets are priced for perfection. People are taking money off the table,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Investors are now awaiting the Fed’s annual research conference in Jackson Hole, Wyoming, next week for any cues on the central bank’s next steps.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street flat ahead of Fed minutes | Malay MailNEW YORK, Aug 18 — US stock indexes were flat in choppy trading today as investors refrained from making big bets ahead of minutes from the Federal Reserve’s last meeting that will likely show the path of monetary policy support over the next few months. Microsoft, Nvidia Corp and Tesla, which...
Read more »
Bursa opens lower on weak Wall Street showing | Malay MailKUALA LUMPUR, Aug 19 — Bursa Malaysia opened lower this morning, tracking the weaker Wall Street performance overnight. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 4.16 points to 1,521.08, from Wednesday’s close of 1,525.24, The index opened...
Read more »
Asian shares pinned at lows after Wall Street falls, NZ holds rates steady | Malay MailHONG KONG, Aug 18 ― Asian shares held near year-to-date lows today as overnight declines on Wall Street reinforced worries about the economic impact of the Delta coronavirus variant sweeping through the region. The dollar stayed strong against most peers, while New Zealand's central bank held off...
Read more »
FTSE 100 drops as financial, energy stocks weigh | Malay MailLONDON, Aug 18 — London’s FTSE 100 fell today, with financial and energy stocks leading the decline, although cooling inflation helped limit losses by allaying concerns that the Bank of England could pull back its asset purchases sooner than expected. The blue-chip FTSE 100 dropped 0.2 per cent...
Read more »
Wall Street flat ahead of Fed minutes | Malay MailNEW YORK, Aug 18 — US stock indexes were flat in choppy trading today as investors refrained from making big bets ahead of minutes from the Federal Reserve’s last meeting that will likely show the path of monetary policy support over the next few months. Microsoft, Nvidia Corp and Tesla, which...
Read more »