Stock market today: Wall Street slumps after latest signal of an economic slowdown, as oil tumbles
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U.S. stocks are slumping following the latest signal showing the U.S. economy is slowing. The S&P 500 was down 0.2% in afternoon trading. The Dow Jones Industrial Average was down 236 points, or 0.6%. The Nasdaq composite rose 0.1%. Treasury yields were also sliding in the bond market after a report showed U.S. manufacturing shrank in May for the 18th time in 19 months. Stocks of oil-and-gas producers were leading the market lower after the price of crude tumbled. Halliburton tumbled 5.3%, and Exxon Mobil sank 2.4%. Nvidia climbed another 3.4% to bring its gain for this year to 129%. GameStop soared 33.8% after a Reddit account associated with a central character in the 2021 episode said it had built a stake of 5 million shares. Stericycle jumped 14.8% after Waste Management said it would buy the medical-waste company for $5.8 billion in cash. Hertz Global sank 4.5% after it said its chief operating officer is leaving and named a new chief financial officer. In the bond market, the yield on the 10-year Treasury fell to 4.40% from 4.50%. The two-year yield fell to 4.82% from 4.88%. India’s Sensex soared 3.4% after the country’s 6-week-long election came to an end with most exit polls projecting that Prime Minister Narendra Modi will remain in power with a third consecutive term. Stocks in Mexico slumped 5.7% after Claudia Sheinbaum won in that country's presidential election. Stock indexes were higher across much of Europe and Asia, though Shanghai and London were exceptions.
#StockMarket #WallStreet #EconomicSlowdown #OilPrices
https://finance.yahoo.com/news/stock-market-today-asian-shares-033603812.html
Yahoo Finance /
npub1j0…s3yhd
2024-06-03 20:05:59
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-06-03 20:05:59Event JSON
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"content": "Stock market today: Wall Street slumps after latest signal of an economic slowdown, as oil tumbles\n==========\n\nU.S. stocks are slumping following the latest signal showing the U.S. economy is slowing. The S\u0026P 500 was down 0.2% in afternoon trading. The Dow Jones Industrial Average was down 236 points, or 0.6%. The Nasdaq composite rose 0.1%. Treasury yields were also sliding in the bond market after a report showed U.S. manufacturing shrank in May for the 18th time in 19 months. Stocks of oil-and-gas producers were leading the market lower after the price of crude tumbled. Halliburton tumbled 5.3%, and Exxon Mobil sank 2.4%. Nvidia climbed another 3.4% to bring its gain for this year to 129%. GameStop soared 33.8% after a Reddit account associated with a central character in the 2021 episode said it had built a stake of 5 million shares. Stericycle jumped 14.8% after Waste Management said it would buy the medical-waste company for $5.8 billion in cash. Hertz Global sank 4.5% after it said its chief operating officer is leaving and named a new chief financial officer. In the bond market, the yield on the 10-year Treasury fell to 4.40% from 4.50%. The two-year yield fell to 4.82% from 4.88%. India’s Sensex soared 3.4% after the country’s 6-week-long election came to an end with most exit polls projecting that Prime Minister Narendra Modi will remain in power with a third consecutive term. Stocks in Mexico slumped 5.7% after Claudia Sheinbaum won in that country's presidential election. Stock indexes were higher across much of Europe and Asia, though Shanghai and London were exceptions.\n\n#StockMarket #WallStreet #EconomicSlowdown #OilPrices\n\nhttps://finance.yahoo.com/news/stock-market-today-asian-shares-033603812.html",
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