2023-08-02 03:33
Gloomy data makes investors more cautious on world economy
Most global stocks dipped, while  oil  prices  fell and Treasury yields climbed, as investors weighed declining factory activity in the euro zone and China with stabilizing U.S. manufacturing and job openings that signaled a still-tight labor market. On Wall Street, the Dow Jones Industrial Average rose 0.2 percent, to 35,630.55, while the S&P 500 lost 0.27 percent, to 4,576.72 and the Nasdaq Composite dropped 0.43 percent, to 14,283.91. Shares of Merck & Co. dropped 1.3 percent even though it raised its full-year profit forecast; Pfizer missed estimates for quarterly revenue, sending shares down 1.

https://business.inquirer.net/413620/gloomy-data-makes-investors-more-cautious-on-world-economy

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