Wall Street drops as economic outlook, corporate forecasts sour
Updated : January 23, 2019 06:25 AM IST
All three major US stock indexes pared losses after White House economic advisor Larry Kudlow denied a report by the Financial Times that the Trump administration cancelled preparatory trade talks with China.
Each of the FAANG momentum stocks, Facebook Inc, Apple Inc, Amazon.com, Netflix Inc and Google parent Alphabet Inc, ended down between 1.6 percent and 4.1 percent.
Johnson & Johnson dropped 1.4 percent after its 2019 sales forecast fell short of analyst expectations.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more