Wall St: S&P 500, Dow gain on factory data, strong oil prices

wall st sp 500 dow gain on factory data strong oil prices

Sumary of Wall St: S&P 500, Dow gain on factory data, strong oil prices:

  • Industrial stocks were the second-best performers, rising 0.8% as data showed factory activity in the country continued to expand in August.
  • Recent economic readings from across the globe, including weak Chinese retail sales and slowing growth in U.S. consumer prices, have suggested that the economic recovery in the second half of 2021 may not be as stellar as initially thought.
  • U.S.-listed Chinese stocks extended recent losses after Chinese retail sales disappointed, while a growing debt crisis at China’s No.2 property developer, China Evergrande Group , raised fears of a possible impact on major lenders.
  • They haven’t let a swathe of bad news at once,” said Keith Temperton, sales trader at Forte Securities.
  • Concerns over Evergrande’s default have further dented appetite for Chinese stocks after a series of recent regulatory moves against major technology firms wiped out billions of dollars in market value.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close