Stocks give up early gains, pound hits 6-week high
NEW YORK (Reuters) - A gauge of global stocks gave up initial gains on Monday as investors questioned whether likely stimulus measures from the world’s central banks would be enough to deter slowing growth, while the pound hit a six-week high in choppy trading.
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, 2019. REUTERS/Brendan McDermid
After two straight weeks of gains, stocks on Wall Street slipped, as advances in energy .SPNY and financial .SPSY shares were offset by a decline in tech .SPLRCT names.
Earlier, data showed Japan’s economy grew at a slower pace than initially estimated in the second quarter as the U.S.-China trade war prompted a downward revision of business spending, intensifying calls for the central bank to deepen stim ...