NEW YORK, Oct 6 — Wall Street stocks opened lower today, extending a period of volatility amid worries over inflation and congressional gridlock on raising the debt ceiling. After slumping Monday and rallying yesterday, stocks were back in the red despite data showing the US private sector added...
NEW YORK, Oct 6 — Wall Street stocks opened lower today, extending a period of volatility amid worries over inflation and congressional gridlock on raising the debt ceiling.
After slumping Monday and rallying yesterday, stocks were back in the red despite data showing the US private sector added a better-than-expected 568,000 jobs last month. Investors remain unsettled by the debate in Washington, where Republicans have thus far opposed efforts to raise the debt ceiling despite the risk of a US government default.About 20 minutes into trading the Dow Jones Industrial Average was down 0.8 per cent at 34,036.46.
The broad-based S&P 500 shed 0.7 per cent to 4,314.63, while the tech-rich Nasdaq Composite Index declined 0.5 per cent to 14,360.42. — AFP
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US seeks comments on China tariff exclusions amid new trade approach | Malay MailWASHINGTON, Oct 6 ― The United States announced yesterday it will take public comments regarding exclusions from its tariffs on China as President Joe Biden's administration grapples with what it views as Beijing's failure to honour a trade deal. US Trade Representative (USTR) Katherine Tai had...
Read more »
Ringgit ends lower against greenback ahead of US economic data | Malay MailKUALA LUMPUR, Oct 5 — The ringgit ended lower against the US dollar today as the greenback was supported by the expected positive momentum from the ISM Manufacturing Purchasing Managers’ Index data due later in the session, a dealer said. At 6pm, the local note fell to 4.1785/1795 versus the...
Read more »
Ringgit ends lower against US dollar on higher inflation concern | Malay MailKUALA LUMPUR, Oct 6 — The ringgit further slipped against the US dollar at the close today as concern rose over higher global inflation rate following elevated levels of commodity prices, which appeared to have lent support for the greenback, an analyst said. At 6pm, the local note fell to...
Read more »
Japan’s new PM Kishida says Covid fight ‘top priority’ | Malay MailTOKYO, Oct 4 — Japan’s new prime minister Fumio Kishida pledged to combat the pandemic with fresh stimulus and fight income inequality after lawmakers voted him leader of the world’s third-largest economy today. The soft-spoken 64-year-old from a Hiroshima political family made his first...
Read more »
US duo win Nobel for work on temperature and touch | Malay MailSTOCKHOLM, Oct 4 — US scientists David Julius and Ardem Patapoutian today won the Nobel Medicine Prize for discoveries on receptors for temperature and touch, the jury said. “The groundbreaking discoveries... by this year’s Nobel Prize laureates have allowed us to understand how heat, cold...
Read more »
US security adviser Sullivan and China’s Yang hold talks in Zurich | Malay MailZURICH, Oct 6 — US national security adviser Jake Sullivan and China’s top diplomat Yang Jiechi began talks in Switzerland today, in a bid to improve communication despite a deepening strategic rivalry and tensions over hotspots including Taiwan. A source close to the Zurich talks told Reuters...
Read more »