U.S. Stocks Slide as Tech Sector Remains Under Pressure
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U.S. stocks fell, weighed down by declines in the shares of technology companies. Stock losses accelerated in afternoon trade, pulling 10 of the 11 sectors in the S&P 500 lower.
ECB's Draghi Hints at Possible Winding Down of Stimulus
European Central Bank President Mario Draghi hinted that the ECB might start winding down its large monetary stimulus as the eurozone economy picks up speed, even as he warned against an abrupt end to years of easy money.
IMF Cuts U.S. Economy Forecast Amid Rising Policy Uncertainty
The International Monetary Fund lowered its forecast for the U.S. economy on Tuesday, saying it could no longer assume the Trump administration will be able to deliver pledged tax cuts and higher infrastructure spending.
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Yellen: Globalization, Technological Change Have Been Harmful to Many
The offshoring of jobs associated with globalization combined with technological change have been devastating for many American communities, while designing programs to help has proved difficult, Federal Reserve Chairwoman Janet Yellen said in London.
U.S. Consumer Confidence Rose in June
The Conference Board's index of U.S. consumer confidence rose in June from the previous month.
Home-Price Growth Slows in April
Home-price growth slowed in April for the first time in months, a trend that, if it continues, may signal the market is starting to cool as buyers weary of rapid price gains.
Bank of England Orders Banks to Boost Capital
The Bank of England ordered banks to build thicker capital cushions in the months ahead to protect the U.K. financial system from risks ranging from Brexit to China to booming consumer borrowing.
Hearing Puts Clearinghouses' Ability to Withstand Crises in Spotlight
A congressional committee sought to shed light on the role played by clearinghouses in crisis situations, as regulators re-examine whether rules put in place after the 2008 financial crisis might undermine financial stability in some cases.
Fed's Fischer Sees Financial-System Vulnerabilities as 'Moderate'
Federal Reserve Vice Chairman Stanley Fischer said the vulnerability of the financial system is moderate compared with past periods of risk, but warned that higher prices of risky assets bear monitoring.
Harker Sees Fed on Track for Another Rate Increase This Year
Philadelphia Fed President Patrick Harker said he is ready to press forward with rate rises, believing recent inflation weakness is likely temporary.
(END) Dow Jones Newswires
June 27, 2017 17:16 ET (21:16 GMT)