Most stock indices tumbled as investors waited to hear from OPEC regarding a possible increase in output (只備英文版)
US stock indices retreated Thursday as the US Supreme Court ruled to give states broader authority to collect taxes on e-commerce sales even if the retailers have no presence in those jurisdictions. The ruling sent stock prices of many prominent online sellers lower. The Dow Jones industrials were down 0.8 percent, the S&P retreated 0.6 percent and the Nasdaq was 0.9 percent lower. Online retailers declined while industrials continued to weaken on trade war concerns. Investors were waiting for the first set of results from the Fed’s annual “stress test” which were published after markets closed. Briefly, all big banks passed.
Most global stock indices rebounded after two days of losses (只備英文版)
US stocks were mixed Wednesday led by technology and media companies as some of the fears regarding a trade war between the US and China abated. Investors are favoring companies that they think are less vulnerable to tariffs. The S&P advanced 0.2 percent and the Nasdaq added 0.7 percent to close at another record high. However, the Dow Jones industrials were down 0.2 percent.