Sea posted a bigger-than-expected loss and withdrew its 2022 e-commerce forecast. It joined forecasts from other online giants struggling to gauge an increasingly uncertain global economic outlook.
While, US stocks closed lower and indices were volatile after minutes from the July Federal Reserve meeting suggested that policymakers may be less aggressive than previously thought.
Major indices trimmed their losses sharply after the minutes were released and the Dow briefly turned positive before reverting to earlier losses.
Thus the S&P 500 lost 31.13 points, or 0.75%, to 4,274.07 units, while the Nasdaq lost 164.40 points, or 1.25%, to 12,938.15. The Dow Jones Industrial Average fell 173.58 points, or 0.51%, to 33,976.73.
The financial dollar woke up this day and climbed strongly from lows of a month and a half. The dollar “counted on liquid” (CCL) -operated with the Global 2030- rose $6.1 (+2.2%) to $284.13.
Source: Ambito
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