Wall Street Flat As Growth Fears Hit
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2019-09-20 HKT 05:36
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US stocks went nowhere on Thursday as investors lost their appetite in afternoon trade, a day after the US central bank delivered a widely expected shot of stimulus.
At the close, the benchmark Dow Jones Industrial Average was down 0.2 per cent at 27,095, erasing gains earlier in the day.
Meanwhile, the broader S&P 500 was flat, hovering near record levels at 3,007, while the tech-heavy Nasdaq was 0.1 per cent higher at 8,183.
Disney led the Dow lower, shedding 2.6 per cent.
The downcast day for stocks came as the Organisation for Economic Cooperation and Development slashed its global growth forecast for this year, citing persistent global trade conflicts. (AFP)
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