Markets report: Owen Nkomo

297 views · Published 6 June 2017 · 9:56 · Indexed 21 September 2026

Channel: SABC News · 2017 · News & Politics

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Stocks dipped on Wall Street yesterday as a drop in Apple shares partly offset gains in energy and financial stocks, some of the market's worst-performing sectors so far this year. Data showed that services sector activity slowed in May as new orders tumbled. Despite the softening economic number, traders still bet that the Federal Reserve will raise rates at its meeting next week. The Dow Jones Industrial Average fell by 0.1 percent. The S&P 500 lost 0.1 percent, as well and the Nasdaq Composite index also dropped by 0.1 percent.

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