US stocks dip following dovish signals from Bank of Japan and poor bond auction

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NEW YORK, Aug 8 — Wall Street stocks finished lower yesterday after a rally that lifted European and Asian bourses peter...

Among individual companies, Disney fell 4.5 per cent despite reporting better than expected earnings as investors digested commentary that a weakening of demand in the parks business “could impact the next few quarters.Airbnb slumped 13.4 per cent after reporting lower than expected profits and cautioning of “some signs of slowing demand from US guests.

The retreat in the yen “should take some pressure off those still exposed to the yen carry-trade, of which there are still significant numbers,” said Trade Nation analyst David Morrison.

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Category: EconomyBusiness

Markets: MalaysiaJapanSudan

Topics: Us stocks Bank of japan Wall street

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 09:14:24 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 17 lines

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Copyright Owner: © Malay Mail

News ID: 21985913

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