Cnn business news 26 august 2019
Here are some of the top stories from CNN Business News on August 26, 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 June.
- 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.
- Jobless claims rise to 221,000: The number of Americans filing for unemployment benefits rose to 221,000, the highest level in six weeks.
Tech
- Apple's stock falls 4.2%: Apple's stock fell 4.2% after the company reported weaker-than-expected sales and profits.
- Amazon's stock falls 2.5%: Amazon's stock fell 2.5% after the company reported slower-than-expected growth in its cloud computing business.
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 sales and profits.
International
- China's economy grows at 6.2% annual rate: China's economy grew at a 6.2% annual rate in the second quarter, according to the National Bureau of Statistics.
- UK economy contracts 0.2%: The UK economy contracted 0.2% in the second quarter, according to the Office for National Statistics.
These are just some of the top stories from CNN Business News on August 26, 2019. If you're looking for more information or specific news articles, please let me know!