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phpMyEdit Installation     Dow drops 402 points amid US-China tensions
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jira13578     Joined: 16 Dec 2020   Posts: 561  
Post Posted: 2022-08-03 06:30
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US stocks fell for a SLOTXO second day, Dow fell 402 points on comments about the Fed's interest rate hike. and a visit to Taiwan by "Nancy Pelosi"

On August 3, 2022, CNBC reported that Stocks continue to fall for another day. As investors are concerned about the rising tensions between the US and China. From a visit to Taiwan of "Nancy Pelosi", the Speaker of the US House of Representatives. There were also concerns from the regional Fed chair's comments.

The S&P 500 fell 0.67% to 4,091.19, after falling nearly 1% earlier, the index climbed from its lowest level during the safe landing of the Pelosi plane in Taiwan early Tuesday morning U.S. time. The Dow was down 402.23 points, or 1.23%, to 32,396.17, while the Nasdaq was down 0.16% to 12,348.76.

The US stock market also faced volatility in the afternoon. After the comments of "Charles Evans" Fed Chairman of the Chicago That doesn't encourage the Fed to raise interest rates or cut interest rates anytime soon.

In the political circle Chinese officials have threatened to take action. If Pelosi visits Taiwan and meet with Taiwanese leaders

Although analysts say this will not lead to a real economic disruption. But of course, the intense news coverage is something the market will keep an eye on in the future. because of the political tensions seen throughout the year affect the market

edoardo     Joined: 03 Aug 2022   Posts: 6  
Post Posted: 2022-08-03 10:17
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