Tuesday, 5 July 2016

US MARKET NEWS 6 July, 2016

Stocks fell on Wall Street on Tuesday following their best weekly performance of the year as investors faced continued uncertainty in the wake of Britain's decision to leave the European Union and as tumbling oil prices weighed on energy shares.
US government bond yields reached record lows as investors found refuge in the perceived safety of Treasuries and uncertainty from Britain's vote to exit the EU, known as Brexit, fueled worries about a global economic slowdown.
Four of the top five decliners on the S&P 500 were bank stocks, with JPMorgan, down 2.8 percent to USD 59.55, weighing the most. The financial sector of the S&P was down 1.5 percent


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