NEW YORK, July 19 — Wall Street ended lower yesterday after bank stocks erased earlier gains and Apple shares fell on a report saying the company plans to slow hiring and spending growth next year.
Apple shares reversed course to close down 2.1 per cent at US$147.1 on a Bloomberg report that said the company plans to slow hiring and spending growth next year in some units to cope with a potential economic downturn. Worries about a larger one percentage point rate hike at the end of July eased following remarks from Fed officials last week that the policymakers could stick to a 75 basis point hike.
Nine of the 11 major sectors of the S&P 500 lost ground, with healthcare and utilities suffering the largest percentage drop, while energy took the biggest gain.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bursa Malaysia opens higher following gains on Wall StreetKUALA LUMPUR, July 18 — Bursa Malaysia rebounded to open higher on Monday, tracking the strong gains on Wall Street in anticipation of the earnings season, a dealer said. At...
Source: malaymail - 🏆 1. / 86 Read more »
Dream Street Restoration - fasiliti sehenti restorasi model legenda Proton secara rasmi sudah dibuka - paultan.orgHampir dua tahun lalu, kami telah membawakan hasil ‘karya’ pertama dari Dream Street Restortion, iaitu sebuah Proton Satria GTi yang diberikan tag DSR-001-C99. Ketika itu, DSR masih belum ada fasiliti sendiri, dan ‘menumpang’ di bengkel …
Source: paultan - 🏆 22. / 51 Read more »
Bukit Aman summons Johor DAP’s Sheikh Umar over street protest postJOHOR BARU, July 18 — Johor DAP vice-chief Sheikh Umar Bagharib Ali has been asked to present himself to Bukit Aman in Kuala Lumpur tomorrow morning. In a Facebook posting...
Source: malaymail - 🏆 1. / 86 Read more »
US stocks boosted by Goldman results, Boeing orderNEW YORK, July 18 — Wall Street stocks rose early today, extending a rally that started last week as markets digested solid earnings from Goldman Sachs and a big new Boeing plane...
Source: malaymail - 🏆 1. / 86 Read more »