U.S. Stocks Fall Amid Global Selloff on AmEx, Inflation Concerns

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U.S. Stocks Fall Amid Global Selloff on AmEx, Inflation Concerns

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PT. Equityworld Futures – U.S. stocks retreated amid a global selloff, falling the most three weeks, as American Express Co. tumbled, data signaled stronger inflation and China tightened trading rules.

The Standard & Poor’s 500 Index fell 1.1 percent to 2,081.11 at 4 p.m. in New York, below its average price for the past 50 days.

The S&P 500 was little changed yesterday after approaching its all-time high. While equity indexes from Asia to Europe have climbed to multiyear highs in recent days, the S&P 500 and Dow last hit theirs on March 2, the same day the Nasdaq Composite Index topped 5,000 for the first time in 15 years. The 32-day stretch without celebrating a fresh high is the S&P 500’s longest since July 2013.

Sumber : ewfpro.com

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