International
Stocks fall sharply amid concerns about global economic recovery
Shares fell sharply on Thursday as traders returned cautiously after a series of record highs for major U.S. indices. The Dow was off 401 points, or 1.2%, at 34,280.51. The S&P 500 pulled back 1.2% and about 95% of stocks in the index were lower.
Technology companies had some of the biggest losses, which helped pull the Nasdaq by 1.4%. Bond yields continued to fall as traders worried that the Federal Reserve would begin withdrawing some of its measures in support of the economy.
“We have not had a correction this year and we should look for one, but we would buy a downturn in the stock market as the corporate base is very strong and profits should continue to surprise for the upper part of the year. Chris Zaccarelli, chief investment officer for the Independent Advisor Alliance, said in an email.
Unemployment claims by the Department of Labor were few higher than expected, to 373,000, adding to concerns of a possible slowdown in the U.S. labor market.
The fall of Wall Street echoes overseas action, with global stock markets after the Fed spoke of easing the US economic stimulus. Japan was preparing to declare one coronavirus emergency condition during the Olympics due to an increase in infections.
London and Frankfurt opened more than 1% below while Shanghai, Tokyo and Hong Kong also retreated. Also Thursday, South Korea announced a record one-day increase of 1,275 new coronavirus infections, adding to the darkness.
Minutes of the Federal Reserve’s last meeting in June provided an optimistic outlook for a U.S. economic recovery and showed board members discussing how and when they could reduce monthly purchases of money-injecting bonds into the financial system.
“With the heavy initial removal from the economic reopening largely factored in, the rate of declining unemployment rate forward carries some uncertainty,” IG Yeap Jun Rong said in a report. “The Fed minutes reinforce that much is expected to be seen in the data ahead to drive policy withdrawal.”
|
Sources 2/ https://www.cbsnews.com/news/stocks-fall-global-economic-recovery-worries/ The mention sources can contact us to remove/changing this article |
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]
 |
 |
 |
