investors worries: Bond yields rose. ; The market is coming off a three-week skid following a mixed batch of economic data that stoked investors' worries that a slowdown in U.S. economic growth could worsen, according to The Japan Times. Last week, the S&P 500 posted its first back-to-back losses of 1 percent this year as surprisingly weak numbers in surveys of manufacturing and service industries raised worries that the economy could slip into a recession. Technology stocks, companies that rely on consumer spending and banks accounted for much of the broad slide, offsetting gains in communication services stocks and utilities. The costly and long-running trade war between the U.S. and China remains a key source of uncertainty for markets, which have been volatile in response to the ups and downs in the conflict. Envoys from both nations are meeting in their latest bid to put an end to the dispute that is stunting global economic growth and spooking the stock market. Washington and Beijing are preparing for a new round of trade talks this week.
(news.financializer.com). As
reported in the news.
Tagged under investors worries, technology stocks topics.