Wall Street sets more records after Shanghai’s worst drop since early COVID
NEW YORK — U.S. stocks set records Wednesday after the latest wild swerves for Chinese stocks left few ripples in markets worldwide.
Helen of Troy, the company behind Hydro Flask water bottles and OXO kitchen tools, jumped 17.9% after reporting profit and revenue for the latest quarter that were better than analysts expected. That was even though the company said it’s still seeing customers feeling increasingly stretched amid lingering inflation.
Alphabet also kept the market’s gains in check after the heavyweight stock sank 1.5%. The U.S. Department of Justice is considering asking a federal judge to break up its Google business after its search engine was declared an illegal monopoly. A breakup is one of many possible remedies under review.
Stocks in Shanghai tumbled 6.6% for their worst loss since February 2020, when fears were rising about a virus seen in Wuhan and other cities in China. In Hong Kong, the Hang Seng index fell 1.4% after dropping more than 9% the day before, which was its worst loss since the global financial crisis of 2008.
In the oil market, prices eased further. A barrel of Brent crude, the international standard, fell 0.4% to settle at $73.24 after briefly topping $81 early this week. Benchmark U.S. crude fell 0.8% to $76.58 per barrel.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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