Kuala Kubu Baru by-election: DAP wants Meta to shut down its KKB candidate Pang Sock Tao’s fake Facebook account
Disappointing results from Meta, whose shares plunged nearly 11 per cent, also weighed on market sentiment. Three other Magnificent Seven stocks, including Alphabet, Amazon.com and Microsoft, finished lower. The Dow Jones Industrial Average fell 375.12 points, or 0.98 per cent, to 38,085.80, the S&P 500 lost 23.21 points, or 0.46 per cent, to 5,048.42 and the Nasdaq Composite lost 100.99 points, or 0.64 per cent, to 15,611.76.Money markets are pricing in just about 36 basis points of rate cuts from the Fed this year, down from about 150 bps seen at the start of the year, according to LSEG data.
International Business Machines fell 8 per cent after it announced a US$6.4 billion deal to buy HashiCorp alongside its first-quarter results, in which revenue missed estimates. Rising gold prices helped Newmont, the world’s largest bullion miner, to report first quarter profit that beat estimates. Its shares gained 12 per cent.
Source: News Formal (newsformal.com)
Us Stocks
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.
Trump stock tumbles after buoyant debut on Wall StreetNEW YORK, April 13 ― After a winning debut on Wall Street last month, Donald Trump's media group has suffered a bruising retreat, denting the Republican candidate's...
Source: malaymail - 🏆 1. / 86 Read more »
Dow leads Wall Street higher in lean trading weekNEW YORK, March 27 — Wall Street’s main stock indexes ticked higher today, with the blue-chip Dow leading gains in thin trading ahead of crucial economic data, commentary...
Source: malaymail - 🏆 1. / 86 Read more »
Wall Street ticks up ahead of Easter break, eyes sharp Q1 gainsNEW YORK, March 28 — Wall Street edged higher today in thin trading ahead of Easter break, while investors awaited data to gauge the Federal Reserve’s policy path on the...
Source: malaymail - 🏆 1. / 86 Read more »
Wall Street Week Ahead: Investors eye Fed rate cut, earnings as key to sustaining market rallyNEW YORK, March 30 ― After a stellar start to the year for stocks, investors are on guard for potential bumps in the second quarter as they gauge whether the Federal Reserve...
Source: malaymail - 🏆 1. / 86 Read more »
Wall Street sells off ahead of jobs report, investors digest Fed commentsNEW YORK, April 5 ― The three major US stock indexes fell more than 1 per cent each and the S&P 500 had its biggest daily percentage drop since February 13 yesterday as...
Source: malaymail - 🏆 1. / 86 Read more »
Wall Street indexes rise after strong jobs dataNEW YORK, April 6 — US stocks finished higher yesterday after a strong jobs report reinforced the view that the economy remains healthy even as it suggested the Federal...
Source: malaymail - 🏆 1. / 86 Read more »