May 11, 2023  SEONews

Live news: Brookfield Corporation plays down fears of commercial … – Financial Times


US stocks mixed amid fresh regional banking concerns

Daria Mosolova in London and Nicholas Megaw in New York

US stocks dipped on Thursday, as lower commodity prices and jitters over the health of regional banks undercut optimism that the Federal Reserve is set to halt its campaign of interest rate rises.

Wall Street’s benchmark S&P 500 index fell 0.2 per cent, breaking a four-day winning streak. Disney was the worst performer on the index after reporting a decline in subscribers to its streaming business. Energy stocks retreated as oil prices declined almost 2 per cent.

The tech-heavy Nasdaq Composite stock index, however, eked out a 0.2 per cent gain, thanks in part to a 4 per cent rise in Google parent Alphabet’s stock after it unveiled an artificial intelligence-powered search engine at its annual developer conference.

Read more on markets here

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