DOWNLOAD OUR APP
IndiaOnline playstore
12:29 AM | Wed, 28 Sep 2016

Download Our Mobile App

Download Font

202 Days ago

New York, March 9 (IANS) The US stocks traded lower in the morning session on Tuesday after China released weaker-than-expected trade data.

At midday, the Dow Jones Industrial Average lost 92.62 points, or 0.54 percent, to 16,981.33. The S&P 500 fell 15.86 points, or 0.79 percent, to 1,985.90. The Nasdaq Composite Index was down 36.29 points, or 0.77 percent, to 4,671.96, Xinhua news agency reported.

China's exports in dollar-denominated terms slumped more than 25 percent year-over-year in February, more than expected and the sharpest drop since May 2009, according to the figures from the General Administration of Customs.

Analysts largely attributed the weakness in data to a slowdown in business activity around the Spring Festival holiday in early February this year.

However, Bloomberg economists said that explains only part of the weakness, and the rest they blame on weak global demand.

Chinese shares struggled to stay in positive territory on Tuesday, and while the day was marked by drastic fluctuations, the markets managed to extend the winning streak to a sixth day.

The US stocks end mixed on Monday amid surging oil, as investors tried to lock in gains after a three-week rally. (IANS)

Viewed 36 times
  • SHARE THIS
  • TWEET THIS
  • SHARE THIS
  • E-mail

Our Media Partners

app banner

REVOLUTIONARY ONE-STOP ALL-IN-1 MARKETING & BUSINESS SOLUTIONS

  • Digital Marketing
  • Website Designing
  • SMS Marketing
  • Catalogue Designing & Distribution
  • Branding
  • Offers Promotions
  • Manpower Hiring
  • Dealers
    Retail Shops
    Online Sellers

  • Distributors
    Wholesalers
    Manufacturers

  • Hotels
    Restaurants
    Entertainment

  • Doctors
    Chemists
    Hospitals

  • Agencies
    Brokers
    Consultants

  • Coaching Centres
    Hobby Classes
    Institutes

  • All types of
    Small & Medium
    Businesses

  • All types of
    Service
    Providers

FIND OUT MORE