Global stocks tumbled on trade worries and reaction to the FOMC minutes (只備英文版)
US shares tumbled Thursday and ended in negative territory. The Dow Jones industrials were down 1.3 percent, the S&P lost 1.4 percent and Nasdaq retreated 2.1 percent. The sell-off came after Treasury Secretary Steven Mnuchin announced he will not attend an upcoming investment conference in Saudi Arabia. Mnuchin joins several other top executives and international finance leaders that have dropped out of the conference.
Stocks paused for breath after Tuesday’s rally and waited for the FOMC minutes (只備英文版)
US shares were down after struggling for direction after the Federal Reserve released meeting minutes showing broad agreement on the need to raise borrowing costs further despite sharp criticism from US President Donald Trump over interest rate increases. The three indices gyrated around the unchanged mark before ending the day in negative territory. The Dow Jones industrials were down 0.4 percent while the S&P was down 0.71 point and the Nasdaq was off 2.79 points.