Most global stock indices retreated in the aftermath of mid-term elections (只備英文版)
Declines in financial and technology stocks, along with lingering worries about slowing global growth, dragged US stocks lower again Wednesday. Financials were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the US House of Representatives. Financial stocks fell after Democrat Maxine Waters, who is expected to become chair of the House banking committee, said banking regulations would not be eased any further on her watch, according to a media report. Stocks posted early gains thanks to oil whose recent plunge has weighed on energy stocks. Shares received a slight boost after UK Prime Minister said her cabinet will back a draft Brexit deal. The Dow Jones industrials and S&P were down 0.8 percent while Nasdaq was 0.9 percent lower.
Global stocks were mixed given as they recovered from Monday’s declines (只備英文版)
Stocks steadied after Monday’s declines. The major averages spent the day bouncing back and forth across the unchanged line. The Dow Jones industrials declined 0.4 percent, the S&P slipped 0.1 percent and the Nasdaq was unchanged.