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Wall Street's Rough Monday: Stocks Slip!
7 months ago
3
Wall Street hit a rough patch on Monday as stocks slipped following last week's rally. The Dow fell by 318 points, and the S&P 500 and Nasdaq both dropped 0.5%. Rising Treasury yields and oil prices put pressure on the market, with U.S. crude jumping 3.5% to over $77 per barrel.
Analysts are also pointing to lowered expectations for third-quarter earnings, which could be a strategy by companies to exceed forecasts later. Key economic data and earnings reports later this week will likely impact the markets even more.
Stay tuned for updates!
#StockMarket, #WallStreet, #FinanceNews, #WealthyBusiness
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