VWO - Asia Closes in Red Europe Trades Higher as Crude Oil Flirts Near Yearly High - Global Markets Today While US Was Sleeping | Benzinga
On Wednesday, September 6, the U.S. markets ended in red; Nasdaq was down 1%, driven by concerns that strong services sector data could lead to prolonged high interest rates due to persistent inflation.
U.S. services activity for August exceeded expectations, reaching 54.5 from 52.7, and the inflation gauge, measured by the prices paid index, rose to 58.9 from 56.8, driven by strong labor demand supporting wage growth
Apple (NASDAQ: AAPL) fell over 3% as China instructed government employees not to use foreign devices, including iPhones, impacting the company's key market.
In the S&P 500, technology dropped the most by 1.4%, while utilities gained 0.2%. Energy was up 0.1%, thanks to higher oil prices.
The Dow Jones Industrial Average ...