Wednesday , June 7 2023

US stocks have weakened again in spite of initial growth.


NEW YORK, Nov. 13 (CTK) – US stocks have weakened again despite early growth. Firms that are under pressure due to concerns over tightening regulations in the banking sector have fallen sharply. The euro and the British pound appreciated against the dollar today because of the hope that the British Parliament will approve an agreement on conditions for leaving the UK in the European Union.

The Dow Jones industrial average fell 0.81 percent to 25,080.50, including 30 US companies. The Standard & Poor's 500 index fell 0.76 percent, to 2701.58, and the Nasdaq composite index fell 0.90 percent to 7136.39. The S & P 500 index has fallen for five consecutive years.

Maxine Waters After the Democratic House of Representatives said it would no longer recognize the liberalization of financial sector regulations, financial companies' stocks have fallen. Waters is expected to chair the Banking Committee of Representatives, which has regained control of the last eight years.

At 22:00 CET, the single currency against the dollar in the foreign exchange market rose 0.3% to $ 1.1320. At the same time, the British pound also originated 0.3 percent at about 1.3013 USD.

Theresa May, the British prime minister, said today she was supported by ministers on the readiness of Britain to agree to leave the European Union. However, it is not yet clear whether the agreement will gain enough support from Congress. "The real challenge is Congress," said Marc Chandler, analyst at Bannockburn Global Forex.

Source link