Sunday, April 11, 2021

Sharp decline in US stocks on US-China trade talk delays, weak EU data

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

U.S. stock indexes closed sharply lower as the investors loose hope for early trade negotiations between Washington and Beijing.

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Furthermore, weak data from the European Union underscored concerns that slowing growth in China has impacted Europe, fueling concerns about a slowing global economy.

 

German industrial production unexpectedly fell by 0.4% in December from the month before, reinforcing concerns over the health of the eurozone’s largest economy.

 

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The Dow Jones Industrial Average DJIA down around 220.77 points or -0,87%, to 25,169.53.

 

The S&P 500 index SPX, -25.59 points, or -0.94%, to 2,706.02, and the Nasdaq Composite COMP, -92.64 points, shed -1.32%, to closed at 6,904.98.

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
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