GLOBAL MARKETS-Stocks struggle as tech slide erases commodities surge



  • Source: Yahoo Finance - - Read: 0

    Summary:

     

    (Recasts, adds details, updates prices)

    • World stocks down 0.1% at fresh 2-week low

    • Nasdaq futures down 1.5%, S&P 500 futures down 0.5%

    • Crude oil, metal prices rise on growth outlook

    • Expectations of faster growth spur inflation fears

    • Eyes on Fed's Powell testimony at 1500 GMT

    • Global asset performance:http://tmsnrt.rs/2yaDPgn

    By Danilo Masoni

    MILAN, Feb 23 (Reuters) - World shares struggled on Tuesdayas a rally in commodity-related assets gave in to pressure onheavily weighed tech stocks and investors awaited reassurancefrom U.S. Federal Reserve Chair Jerome Powell on the path formonetary policy in United States.

    European tech stocks were on set for their worst dayin four months, down 2.7%, and futures on the Nasdaq fell1.5% after losses in stocks like Apple and Tesladragge ...

     

     

    Read Full News: https://finance.yahoo.com/news/global-markets-stocks-struggle-tech-115400537.html


Log in to reply