us stocks open lower on rate hike fears
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US stocks open lower on rate hike fears

Arab Today, arab today

Arab Today, arab today US stocks open lower on rate hike fears

US stocks
New York - XINHUA

U.S. stocks opened lower on Monday as recent economic data fuel speculations that the Federal Reserve will begin raising interest rates as from September.

With no major economic reports due out Monday, investors are still sifting through the strong gross domestic product (GDP) report.

The U.S. Commerce Department on Thursday revised up its estimate for GDP growth in the second quarter to 3.7 percent, which is much higher than the 0.6-percent growth in the first quarter.

Meanwhile, a separate report from the department shows that U.S. personal income in July increased 0.4 percent and personal consumption expenditures increased 0.3 percent after an upwardly revised 0.3 percent rise in June.

Federal Vice Chairman Stanley Fischer said Friday that it was too early to determine whether last week's market turmoil would impact the likelihood of a rate hike next month.

He added in a Saturday speech that U.S. inflation was likely to rebound, which allows for a gradual increase in rates.

U.S. equities witnessed wild swings last week, with the Dow plummeting more than 1,000 points before reversing part of losses to end 588 points lower on Monday, as a rout in global markets rattled nervous investors.

On Friday, U.S. stocks ended mixed after two-day market rally, as global financial volatility continued to weigh on Wall Street sentiment.

Shortly after the opening bell, the Dow Jones Industrial Average fell 88.26 points, or 0.53 percent, to 16,554.75. The S&P 500 lost 8.92 points, or 0.45 percent, to 1,979.95. The Nasdaq Composite Index was down 22.06 points, or 0.46 percent, to 4,806.27.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks open lower on rate hike fears us stocks open lower on rate hike fears

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks open lower on rate hike fears us stocks open lower on rate hike fears

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday