Published 2 years ago

World shares sink after inflation-driven retreat

Summary by Ground News

Germany's DAX lost 2% to 13,731.64 and the CAC 40 in Paris declined 1.9% to 6,234.78. Britain's FTSE 100 shed 1.7% to 3,537.99. The future for the S&P 500 was 1% lower while the Dow Jones Industrial Average sank 0.9%.

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CTV News

World shares sink after inflation driven retreat on Wall Street

Shares declined in Europe and Asia on Thursday after a broad retreat on Wall Street triggered by worries over the impact of persistent high inflation on corporate profits and consumer spending.

2 years ago·Canada

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Associated Press News

Stocks end lower, nearing but not quite in a bear market

NEW YORK (AP) — Another volatile day on Wall Street ended with more losses for stocks Thursday, drawing the S&P 500 closer to its first bear market since the beginning of the pandemic. The index, a benchmark for many funds, fell 0.6% after easing off a deeper stumble.

2 years ago·United States

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abc News

Wall Street edges lower, stabilizing a day after big drop

Stocks are opening moderately lower in early trading on Wall Street, finding some stability a day after their biggest drop in nearly two years

2 years ago·United States

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KRDO

World shares sink after inflation driven retreat on Wall St

By ELAINE KURTENBACH AP Business WriterTOKYO (AP) — Shares are sharply lower in Asia after a broad retreat on Wall Street. The sell-off on Wall Street followed the release of dismal results from retailer Target that renewed fears inflation is battering U.S. companies. The S&P 500, the benchmark for many index funds, fell 4%. Target lost a quarter of its value, dragging other retailers lower, after saying its profit fell by half in the latest qua…

2 years ago·Colorado Springs, United States

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KIFI

World shares sink after inflation driven retreat on Wall St - Local News 8

By ELAINE KURTENBACH AP Business WriterTOKYO (AP) — Shares declined in Europe and Asia on Thursday after a broad retreat on Wall Street triggered by worries over the impact of persistent high inflation on corporate profits and consumer spending. U.S. futures were lower, while oil prices advanced.Germany’s DAX lost 2% to 13,731.64 and the CAC 40 in Paris declined 1.9% to 6,234.78. Britain’s FTSE 100 shed 1.7% to 3,537.99. The future for the S&P 5…

2 years ago·Idaho Falls, United States

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MY Northwest

World shares sink after inflation driven retreat on Wall St

TOKYO (AP) — Shares declined in Europe and Asia on Thursday after a broad retreat on Wall Street triggered by worries over the impact of persistent high inflation on corporate profits and consumer spending. U.S. futures were lower, while oil prices advanced.Germany’s DAX lost 2% to 13,731.64 and the CAC 40 in Paris declined 1.9% to 6,234.78. Britain’s FTSE 100 shed 1.7% to 3,537.99. The future for the S&P 500 was 1% lower while the future for th…

2 years ago·Tacoma, United States

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