REUTERS: Wall Street's main indexes tumbled on Thursday, heading for their worst day since June as investors dumped high-flying technology-focused stocks, while economic data highlighted concerns about a long and difficult recovery.
The Philadelphia chip index and the S&P tech sector also dropped about 5per cent each, with investors also booking profits ahead of the Labor Day long weekend. Earlier in the day, data showed the number of Americans filing new claims for unemployment benefits fell more than expected last week, but remained extraordinarily high. The closely watched monthly payrolls report is set for Friday
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:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: S&P 500, Nasdaq end at records, extending Wall Street rally[NEW YORK] Wall Street stocks rocketed higher again on Wednesday with the Nasdaq ending above 12,000 for the first time as investors shrugged off disappointing employment data and a cautious Federal Reserve report. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
S&P 500, Nasdaq end at records, extending Wall Street rallyWall Street stocks rocketed higher again on Wednesday (Sep 2) with the Nasdaq ending above 12,000 for the first time as investors shrugged off ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
S&P 500, Nasdaq end at records, extending Wall Street rallyNEW YORK (AFP) - Wall Street stocks rocketed higher again on Wednesday (Sept 2) with the Nasdaq ending above 12,000 for the first time as investors shrugged off disappointing employment data and a cautious Federal Reserve report.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Wall Street heads for strong open on tech boostS&P 500 futures rose on Wednesday for the ninth time in past ten sessions helped by a rally in tech stocks, as focus turns to economic data that ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore shares rise at open tracking Wall Street gains; STI up 0.2%SINGAPORE stocks opened higher on Wednesday tracking rallies on Wall Street and the Tokyo markets. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tech stocks fuel Wall Street rally as factory activity expandsWall Street climbed on Tuesday as gains in Apple and Zoom Video shares propelled the tech-heavy Nasdaq to record highs, while better-than-expected ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »