Banks and tech stocks drag market to 2nd straight loss

World News: . []

Banks and tech stocks drag market to 2nd straight lossStocks closed modestly lower on Wall Street Wednesday, handing the market its second straight loss. Banks and technology companies accounted for much of the slide as investors shifted money into U.S. bonds, precious metals and other holdings considered safe havens after more than a week of aggressive buying. The Federal Reserve set off last week's rally when it signaled that it is willing to cut interest rates to help stabilize the economy if the U.S. trade war with China starts to crimp growth.


Read More: https://news.yahoo.com/stocks-veer-lower-led-drops-143721372.html

Published: .

Search for other references to "banks" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
 
Privacy Policy | Terms and Conditions | Contact Us