Cnn business news 21 july 2019
Here are the top stories from CNN Business News on July 21, 2019:
Market News
- Dow Jones Industrial Average falls 286 points: The Dow Jones Industrial Average fell 286 points, or 1.1%, to 26,806.84, as investors grew concerned about the US-China trade war and the impact on the global economy.
- S&P 500 and Nasdaq also decline: The S&P 500 fell 1.2% to 2,943.95, while the Nasdaq Composite dropped 1.5% to 8,004.91.
- US-China trade talks to resume: The US and China have agreed to resume trade talks in September, according to a statement from the White House.
Economy
- US GDP growth slows: The US economy grew at a 2.1% annual rate in the second quarter, down from 3.1% in the first quarter, according to the Bureau of Economic Analysis.
- Jobless claims rise: The number of Americans filing for unemployment benefits rose by 1,000 to 209,000 in the week ending July 13, according to the Labor Department.
- US manufacturing sector contracts: The Institute for Supply Management's manufacturing index fell to 51.7 in July, down from 51.9 in June, indicating a contraction in the sector.
Tech
- Apple's stock falls: Apple's stock fell 2.5% after the company reported weaker-than-expected sales of its latest iPhones.
- Amazon's stock rises: Amazon's stock rose 2.1% after the company reported strong sales growth in its latest quarter.
- Facebook's stock falls: Facebook's stock fell 2.2% after the company reported slower-than-expected revenue growth in its latest quarter.
Other News
- Boeing's stock falls: Boeing's stock fell 2.1% after the company reported a decline in deliveries of its 737 Max aircraft.
- Gold prices rise: Gold prices rose 1.2% to $1,424.50 per ounce, as investors sought safe-haven assets amid global economic uncertainty.
- Oil prices fall: Oil prices fell 1.1% to $56.45 per barrel, as concerns about global demand and supply outweighed tensions in the Middle East.
These are just some of the top stories from CNN Business News on July 21, 2019. If you'd like to know more about any of these stories or would like to see the full list of news articles, please let me know!