Cnn business news 2 august 2019
Here are some of the top stories from CNN Business News on August 2, 2019:
Market News
- Dow Jones Industrial Average falls 623 points: The Dow Jones Industrial Average plummeted 623 points, or 2.1%, to close at 26,485.01, its biggest one-day decline since May.
- S&P 500 falls 2.1%: The S&P 500 index fell 2.1% to 2,926.49, its biggest one-day decline since May.
- Nasdaq Composite falls 2.5%: The Nasdaq Composite fell 2.5% to 7,946.22, its biggest one-day decline since May.
Economy
- US economy grows at 2.1% annual rate: The US economy grew at a 2.1% annual rate in the second quarter, according to the Bureau of Economic Analysis.
- US-China trade tensions escalate: The US and China imposed new tariffs on each other's goods, escalating their trade tensions and rattling global markets.
Tech
- Apple's stock falls 4.2%: Apple's stock fell 4.2% after the company reported weaker-than-expected iPhone sales and revenue.
- Amazon's stock falls 2.5%: Amazon's stock fell 2.5% after the company reported slower-than-expected revenue growth.
Business
- Boeing's stock falls 4.5%: Boeing's stock fell 4.5% after the company reported a decline in deliveries and revenue.
- Walmart's stock falls 2.1%: Walmart's stock fell 2.1% after the company reported weaker-than-expected same-store sales.
Other News
- FedEx's stock falls 4.5%: FedEx's stock fell 4.5% after the company reported a decline in revenue and profit.
- Gold prices rise: Gold prices rose 1.2% to $1,433.50 per ounce, their highest level since April.
These are just some of the top stories from CNN Business News on August 2, 2019. If you're looking for more information or specific news articles, please let me know!