Description
Added on the 07/01/2016 22:32:09 - Copyright : Reuters EN
Wall Street saw US stocks slide on Tuesday, as fiscal stimulus negotiations lurched into stalemate territory. According to Business Insider, initial results of the third-quarter earnings season kick-off from banks like Citigroup and JPMorgan also failed to impress investors. Apple announced its new iPhone 12 lineup--the tech giant's first major redesign of its flagship product in over 3 years. It didn't go over well: Apple's stock slid, too. And even gold, the ever-popular commodity, fell as much as 1.9%, to $1,886.54 per ounce. However, a breakthrough in stimulus talks could be near, as Senate Majority Leader Mitch McConnell signaled support for passing a deal prior to the upcoming election.
U.S. stocks slipped on Thursday led by falls in financial shares and following weak Chinese economic data, but a late-day rebound in oil prices limited the day's decline. Roselle Chen reports.
U.S. stocks tumble, putting the Dow on track for its worst start to a year since 1932 after weak Chinese economic data fanned fears of a global slowdown. Rough Cut (no reporter narration_).
Wall Street falls sharply after weak economic data from China. Shartia Brantley reports.