World News | Wall Street Opens Higher as Some Calm Returns After the Market's Worse Loss in Almost 2 Years
Get latest articles and stories on World at LatestLY. Some calm is returning to Wall Street in early trading, and Japan's stock market soared to bounce back from its worst loss since 1987.
New York, Aug 6 (AP) Some calm is returning to Wall Street in early trading, and Japan's stock market soared to bounce back from its worst loss since 1987.
The S&P 500 was 0.6 per cent higher early Tuesday and on track to break a scary three-day losing streak. The benchmark index had tumbled a bit more than 6 per cent after several weaker-than-expected reports, including a sharp slowdown in hiring by US companies, raised worries the Federal Reserve had pressed the brakes too hard for too long on the US economy.
The Dow Jones Industrial Average was up 48 points and the Nasdaq composite was up 0.8 per cent. (AP)
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