Gold steadied just below $2,500 an ounce as investors took stock after a broad sell-off that rattled equity and commodity markets, with the weakness stoked by concerns about economic growth. Bullion was little changed after losing just 0.3% on Tuesday even as a gauge of the US dollar — a go-to asset at time of market…
Oil pushed lower after a loss of almost 5% on Tuesday as the possible easing of political unrest in Libya shifted focus back to concerns over global demand and OPEC+’s plan to boost production from October. Brent traded near $74 a barrel and West Texas Intermediate dropped below $70 for the first time since early January….
Stocks tumbled Tuesday as technology names struggled and new economic data rekindled fears around the health of the economy. The Dow Jones Industrial Average fell 626.15 points, or 1.51%, to end at 40,936.93. The S&P 500 slid 2.12%, closing at 5,528.93. The Nasdaq Composite dropped 3.26% and settled at 17,136.30. Stocks felt downward pressure as…
