Dow dives 700 points as latest data hints at slowing economy

Dow dives 700 points as latest data hints at slowing economy

Wall Street’s main indexes were set for weekly declines on Friday, as fresh data painted a weak picture for the American economy, while UnitedHealth dropped after a report that the Justice Department is investigating the healthcare conglomerate. In afternoon trading, the Dow Jones Industrial Average slumped 704 points, or 1.6%, to 43,472. The S&P 500 dropped 1.4%, and the Nasdaq lost…

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Asia shares becalmed, dollar on back foot

Asia shares becalmed, dollar on back foot

By Wayne Cole SYDNEY (Reuters) – Asia share markets were becalmed by a Wall Street holiday on Monday while the dollar nursed losses suffered after a weak U.S. retail sales report rekindled wagers for two rate cuts this year. Geopolitics remained in focus with reports that talks on the Russian-Ukraine conflict will begin in Saudi…

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Outlook for Feb. 17-21, 2025

Outlook for Feb. 17-21, 2025

Investors are going to need some of their concerns around trade or inflation to lift in order for the stock market to rally again. Stocks haven’t moved much since the start of the year. Even with an onslaught of policy developments and fears of sticky inflation rocking the market in 2025, a healthy economy underpinning…

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