US Edition
Gold Miners, CBA Drive Market to Record High; ASX Makes TPG Bungle
UNITED STATES, AUG 5 – The US services sector index dropped to 50.1, signaling stagnation amid rising tariffs and weak demand, raising concerns about corporate earnings and economic growth.
10 Articles
10 Articles
Opportunity purchases within the New York equity market faded, amid remarks by President Donald Trump about tariffs on imports of semiconductors and pharmaceuticals, which indicated that they will be announced around next week, coupled with figures that pointed to a stagnation of the services sector in the United States.The losses inside Wall Street were 0.65 percent for Nasdaq, in the 20,916.55 integers, followed the S&P 500 with a fall of 0.49…
Indices in the red - Nasdaq below 21,000 points - Uncertainty about the strength of the economy and Trump's tariffs brought back pressure on US stocks and question marks about the Fed's next steps
Sydney Morning Herald
Gold miners, CBA drive market to record high; ASX makes TPG bungle
The Australian sharemarket sailed into record territory despite a soft lead from Wall Street, which slipped following the latest discouraging signal on the US economy.
Stocks Fall as US Services Flash Warning Signals: Markets Wrap
(Bloomberg) -- Stocks wiped out gains after data showed weakening US services amid sticky price pressures, raising concern about the Federal Reserve’s policy challenges. Short-dated Treasuries underperformed. Oil sank as Russia was said to mull an air-truce with Ukraine.
Market Report: US policy spells trouble for tech, but FTSE bucks the trend
Steve Clayton Tech leads Wall Street lower AI – AMD reveals China concerns US Services data reveals inflation risk Trump to tariff Russia’s trade partners Steve Clayton, head of equity funds, Hargreaves Lansdown: “Wall Street turned lower last night, led by tech stocks. With both semiconductor and software sectors drifting around 1% lower, the weakness was spread across the technology spectrum. Old economy sectors fared better, with transportat…
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