Wall Street dips, dollar gains on economic, geopolitical concerns | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 25, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 25, 2025
Wall Street dips, dollar gains on economic, geopolitical concerns

Global Economy

Reuters
03 August, 2022, 12:00 pm
Last modified: 03 August, 2022, 12:08 pm

Related News

  • Nvidia becomes world's first publicly traded company to hit $4 trillion of stock market value
  • Asian markets mixed after US stocks hit record
  • France's Macron calls for Asian coalitions as he warns of US-China divisions
  • Stocks, dollar rally as Trump tariffs hit court hurdle
  • Wall St dips on tariff worries, big banks kick off earnings season

Wall Street dips, dollar gains on economic, geopolitical concerns

Reuters
03 August, 2022, 12:00 pm
Last modified: 03 August, 2022, 12:08 pm
A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri
A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri

US stocks ended a choppy session lower on Tuesday, while the dollar rallied as risk appetite was dampened by economic uncertainties and escalating US-China tensions.

All three major US stock indexes closed red, with the blue-chip Dow faring worst. Economically sensitive transports underperformed the broader market.

Meanwhile, the safe-haven greenback had a better day than most asset classes, jumping 0.8% against a basket of world currencies.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

US House of Representatives Speaker Nancy Pelosi's arrival in Taipei, despite warnings from Beijing, prompted Chinese war planes to buzz the Taiwan Strait in protest. 

"There is the uncertainty surrounding Pelosi's trip to Taiwan and there's additional data, regarding economic softness," said Sam Stovall, chief investment strategist of CFRA Research in New York. "Regarding recession, it's not a question of 'if' but 'when and how deep.'"

On the economic front, a report from the Labour Department showed job openings in the United States dropped by 5.4% in June, a sign that the labour market is easing amid softening demand.

That softening demand for workers could translate to cooling wage inflation, and analysts expect Friday's employment report to show hourly earnings growth cooled 0.2 percentage point last month to 4.9%.

Still, comments by Fed officials suggested more interest rate hikes are in the offing. 

"What's happening in the markets is a push-and-pull about where we are economically," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. "It's a matter of whether the Fed continues to raise rates to fight inflation or pivot and stop raising rates as the economy weakens."

The Dow Jones Industrial Average fell 402.23 points, or 1.23%, to 32,396.17, the S&P 500 lost 27.44 points, or 0.67%, to 4,091.19 and the Nasdaq Composite dropped 20.22 points, or 0.16%, to 12,348.76.

Weak economic data and rising Sino-US tensions also pulled European stocks to a lower close. 

The pan-European STOXX 600 index lost 0.32% and MSCI's gauge of stocks across the globe shed 0.93%.

Emerging market stocks lost 1.25%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.26% lower, while Japan's Nikkei lost 1.42%.

US Treasury yields edged higher amid volatile trading, hawkish comments from the Fed helped investors look past the brewing geopolitical turmoil over Pelosi's Taiwan visit. 

Benchmark 10-year notes US10YT=RR last fell 43/32 in price to yield 2.761%, from 2.605% late on Monday.

The 30-year bond US30YT=RR last fell about 3/4 in price to yield 3.0268%, from 2.925% late on Monday.

Crude prices advanced ahead of the OPEC+ meeting of oil producers expected this week, who could opt against increasing global crude supply amid signs of waning demand. 

US crude CLcv1 rose 0.56% to settle at $94.42 per barrel, while Brent LCOcv1 settled at $100.54 per barrel, up 0.51% on the day.

The dollar reversed recent losses against a basket of world currencies. 

World+Biz

US-China Tensions / Wall Street / Dollar gains / geopolitics / US stocks

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infographics: TBS
    Inflated rents, ghost floors, Tk220cr advance: How Premier Bank funds lined Iqbal family’s pocket
  • On 21 July, a Bangladesh Air Force (BAF) F-7 BGI training fighter jet crashed into Milestone School and College in Uttara, killing at least 31. Photo: Mehedi Hasan
    Milestone tragedy: Death toll rises to 32 as another child dies
  • File photo of a new NBR office in Agargaon, Dhaka. Photo: UNB
    NBR chief directs customs officials to clear consignments within a day

MOST VIEWED

  • Representational image/Reuters
    Dollar gets upward push as BB buys $10m more in auction at even higher rate
  •  ABM Khairul Haque. File Photo: Collected
    Former chief justice Khairul Haque detained
  • File photo of Bangladesh Bank. Photo: TBS
    Governor Mansur orders withdrawal of BB dress code after directive draws criticism
  • Representational image. Photo: Collected
    Tariff talks: Bangladesh, US set for crucial virtual meeting on 29 July
  • Mehreen Ahmed speaking to media on 11 July 2025. Photo: Collected
    Court disposes of Dhaka girl's case against parents seeking 'protection from abuse'
  • Hasina and Taposh in an event in 2020. Photo: Collected
    Al Jazeera investigation: Hasina, in call with Taposh, talks using helicopter to shoot, crush protesters in July uprising

Related News

  • Nvidia becomes world's first publicly traded company to hit $4 trillion of stock market value
  • Asian markets mixed after US stocks hit record
  • France's Macron calls for Asian coalitions as he warns of US-China divisions
  • Stocks, dollar rally as Trump tariffs hit court hurdle
  • Wall St dips on tariff worries, big banks kick off earnings season

Features

Illustration: TBS

The future of medicine: How innovations will catalyse quantum leaps in healthcare

14h | The Big Picture
Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

1d | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

2d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

2d | Panorama

More Videos from TBS

There are many more examples of trials of Chief Justices in the world.

There are many more examples of trials of Chief Justices in the world.

12h | TBS Today
Why is there a massive conflict between Thailand and Cambodia?

Why is there a massive conflict between Thailand and Cambodia?

12h | TBS News Updates
Former Chief Justice ABM Khairul Haque in prison

Former Chief Justice ABM Khairul Haque in prison

12h | TBS Today
The Nvidia Chip Deal Trades Away the United States’ AI Advantage

The Nvidia Chip Deal Trades Away the United States’ AI Advantage

12h | Videos
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net