Wall Street lower on weak GDP data, rate hike hints


Declining issues outnumbered advancing ones on the NYSE by 1,854 to 683. - AP pic

NEW YORK: Wall Street was lower on Thursday as investors digested weaker-than-expected US economic growth in the third quarter and the Federal Reserve’s hints of a possible rate hike in December.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

FBM KLCI opens slightly higher ahead of fresh economic data
Trading ideas: Paramount, CelcomDigi, InNature, AwamBiru, Nova MSC, Cuscapi, BHIC, Sarawak Cable, Pharmaniaga
Positive views on Pekat’s acquisition of EPE Switchgear
Iraq won’t agree to new Opec+ oil production cuts, oil minister says
Gen Z gives fund managers a run for their money
Financiers fret over ‘leverage on leverage’ in private credit
Fast casual dining restaurants hurt by consumer struggles
Apple store in New Jersey votes against unionising
Australia’s budget will boost critical minerals
Bullish outlook on gold likely to stay

Others Also Read