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Thursday, August 11, 2022

Wall St falls after China devaluation

Wall St falls after China devaluationNEW YORK: US stocks declined on Tuesday as China’s surprise devaluation of the yuan currency hit commodity-related and other shares and added to worries about the global economic outlook.

Based on the latest available data, the Dow Jones industrial average fell 212.19 points, or 1.2 percent, to 17,402.98, the S&P 500 lost 20.07 points, or 0.95 percent, to 2,084.11 and the Nasdaq Composite dropped 65.01 points, or 1.27 percent, to 5,036.79.

Copyright Reuters, 2015

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