iPhone | iPad
Android
Huawei
The Australian left-hander will never forget the Oval ground
KT APPDOWNLOAD
US stocks tumble on lower spending, Dell's earnings
WASHINGTON - US stocks retreated on Friday, led by slower consumer spending and lower-than-expected earnings from computer maker Dell.
As incomes dropped an unexpected 0.7 per cent in July, the US Commerce Department said growth in personal spending slowed to 0.2 per cent.
Dell, the second-biggest personal-computer maker, posted its biggest drop in earnings since 2000, and attributed it to "continued conservatism" among US consumers, which was also spreading to parts of Western Europe and Asia.
Technology stocks tumbled, with Apple losing 2.4 per cent, Microsoft dropping 2.3 per cent and the largest chip-maker Intel dipping 3.1 per cent.
"The environment remains challenged for the equity market," Mike Ryan of UBS Financial Services Inc, told Bloomberg financial news. "As we're faced with the impact of higher energy costs and the lack of availability of credit, that's going to put more pressure on the consumer sector."
The blue-chip Dow Jones Industrial Average fell 171.63 points, or 1.47 per cent, to 11,543.55. The broad-based Standard & Poor's 500 Index dipped 17.85 points, or 1.37 per cent, to 1,282.83. The technology-heavy Nasdaq Composite Index dropped 44.12 points, or 1.83 per cent, to 2,367.52.
The US currency rose to 68.15 euro cents from 68.05 euro cents on Thursday. The dollar fell against the Japanese currency to 108.80 yen from 109.49 yen on Thursday.
Gold fell to 835.20 dollars on Friday from 837.20 dollars per fine ounce on Thursday.
More news from
The romance of a Barcelona return and prospect of an eye-watering deal in the Gulf country fell by the wayside as the Argentine opted to join MLS
So far, eight million pages of documents in the possession of Iraqi authorities have already been digitized and are proving useful in the judicial system
The notion that art can improve mental well-being is something many people intuitively understand but can lose sight of — especially if we have become disconnected from the dancing, creative writing, drawing and singing we used to enjoy as children
Ranked at three in the world at the time, the sobbing, screaming Zverev was taken off court in a wheelchair and was out of action until January this year
We cannot solve the problem of authoritarian influence by banning fake news. Our best hope again lies in education. We will need to do a better job teaching people to be discerning and less susceptible to manipulation.
The celebrity RJ and his wife confirmed the news in an Instagram post, saying they are expecting to welcome their bundle of joy in November
The German exited Roland Garros in agony last year after tearing ankle ligaments in the semifinal against Rafael Nadal