Dow Slips 175 Points, Nasdaq Drop 0.7%, Meta Fall 2.5% On JP Morgan CEO's Warning On The Economy
Zee Business Video Team | Updated: June 2, 2022 08:40 AM IST
For the second day in a row, there are signs of lethargy from the global markets. Dow Jones closed with a fall of 175 points by trading in the range of 700 points. Nasdaq lost 0.7%. The gain in bond yield has crossed 2.9% for the second day. Europe's markets are seeing a decline of 0.5-1% and Asia's market is seeing a decline of 70 points. At the same time, the CEO of JP Morgan has warned on the economy. He said rising rates and the impact of the Ukraine war are not good for the economic situation.
