NewsFeeder
11-09-2018, 10:30 AM
Wall Street drops on China concerns, oil slide
As investors shunned growth stocks, the S&P technology index fell 1.76 percent, led by Apple Inc's 2.4 percent slide and semiconductor stocks tumbling 2.21 percent. "A lot of investors look at oil prices as the general indicator of the global economy, so it being weak is not a good sign," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida. Amid a bitter trade dispute between the Washington and Beijing, Chinese data showed producer inflation fell for the fourth straight month in October on cooling domestic demand and manufacturing activity, while car sales fell for a fourth consecutive month.
https://finance.yahoo.com/news/wall-street-opens-lower-china-143748162.html?.tsrc=rss
As investors shunned growth stocks, the S&P technology index fell 1.76 percent, led by Apple Inc's 2.4 percent slide and semiconductor stocks tumbling 2.21 percent. "A lot of investors look at oil prices as the general indicator of the global economy, so it being weak is not a good sign," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida. Amid a bitter trade dispute between the Washington and Beijing, Chinese data showed producer inflation fell for the fourth straight month in October on cooling domestic demand and manufacturing activity, while car sales fell for a fourth consecutive month.
https://finance.yahoo.com/news/wall-street-opens-lower-china-143748162.html?.tsrc=rss