VWO - Asia And Europe Market Mixed While Gold Trades Near Its Lifetime High - Global Markets Today While Us Slept | Benzinga
On Tuesday, March 5th, U.S. markets closed lower, with the three major indexes each falling more than 1%, hit by declines in big tech firms and the chip industry, ahead of key economic data and Federal Reserve Chair Jerome Powell’s remarks.
In economic data, U.S. factory orders dropped 3.6% in January, worsening from December’s 0.3% fall. The ISM services PMI also decreased to 52.6 in February from January’s 53.4, below forecasts of 53.
Apple shares fell after a research report showed a drop in China’s iPhone sales in early 2024 due to rising competition from companies like Huawei.
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