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February 28, 2024
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Business Featured

Wall St slips on global slowdown worries

Published by
Reuters

By Bansari Mayur Kamdar and Devik Jain (Reuters) -U.S. stock indexes fell on Monday, extending a sharp selloff from last week as fears over China’s COVID-19 outbreaks spooked investors already worried about faster U.S. interest rate hikes denting economic growth. The worries reverberated across world markets, with Chinese shares marking their biggest slump since a pandemic-led selling in February 2020 and European stocks falling to their lowest in over a month on fears of strict restrictions in China. [MKTS/GLOB] All the major S&P sectors fell, with energy stocks tumbling 5.6% as Brent crude p…

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