Don't Just Read the News, Understand It.
Published loading...Updated

Stock market today: Asian shares track Wall Street slump triggered by strong US spending data

Summary by Washington Top News
BANGKOK (AP) — Asian shares skidded Tuesday following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks. The Shanghai Composite index lost 1.7% to 3,007.07 even though the Chinese government reported that the economy grew at a surprisingly fast 5.3% annual rate in the first quarter of the year. In quarterly terms it expanded at a 1.6% pace. The Hang Seng in Hong Kong lost 2.1% to 16,248.97. Tokyo…

21 Articles

All
Left
5
Center
13
Right
1
The Billings GazetteThe Billings Gazette
+4 Reposted by 4 other sources
Center

Stock market today: Wall Street slumps as rising yields crank up the pressure

NEW YORK — U.S. stocks slumped Monday after higher yields in the bond market caused by a strong U.S. economy cranked up the pressure on Wall Street.

·Billings, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 68% of the sources are Center
68% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

mecktimes.com broke the news in on Monday, April 15, 2024.
Sources are mostly out of (0)