Wall Street ends sharply lower as consumer pessimism stokes recession fears

Summary by Ground News

The Dow Jones Industrial Average closed about 1.6% lower. The S&P 500 slid about 2% and the Nasdaq tumbled around 3%. The Conference Board said its consumer confidence index dropped in June to the lowest level since February 2021. Energy was the sole sector of the S-P 500 to post gains Tuesday.

2 months ago·New York, United States

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Times of India

Wall Street stumbles as consumer pessimism stokes growth fears

"Markets were fine today until the consumer confidence number came out," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. "It was weak and markets immediately began selling off."

2 months ago·Mumbai, India

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Reuters

Wall Street stumbles as consumer pessimism stokes growth fears

Wall Street closed sharply lower in a broad sell-off on Tuesday as dire consumer confidence data dampened investor optimism and fueled worries over recession and the looming earnings season.

2 months ago·United Kingdom

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IBTimes

Futures Rise As Easing China COVID Curbs Lift Travel, Leisure Stocks

Travel and leisure shares propped up U.S. stock index futures after China relaxed some COVID-19 quarantine requirements for international travelers, raising hopes of a revival in global growth. Airlines, cruises, casinos and hotels were among the gainers in premarket trading after China's slashing of the quarantine time for inbound travelers by half boosted hopes of a big jump in international travel and spending.

2 months ago·United States

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CNBC

Dow falls nearly 500 points as bear market bounce loses steam

Investors are still searching for a market bottom and hoping last week’s rally holds, but there doesn’t appear to be a clear catalyst for a strong rebound.

2 months ago·United States

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