Chinese Economic Weakness and American Banks: The New York Stock Exchange’s Concerns

2023-08-15 20:06:42

Le parquet du New York Stock Exchange ( GETTY IMAGES NORTH AMERICA / SPENCER PLATT )

The New York Stock Exchange faltered on Tuesday, worried regarding signs of weakness in the Chinese economy but also concerned for the financial stability of American banks.

The Dow Jones index fell 1.02%, the tech-heavy Nasdaq lost 1.14% and the broader S&P 500 index returned 1.16%, according to preliminary results.

Nasdaq

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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