Stock market today: World shares are mixed after Wall St slumps despite strong US economic data

The article discusses the mixed performance of global stock markets following a significant drop on Wall Street, despite positive U.S. economic data. On Wall Street, the S&P 500 fell by 0.9%, the Dow Jones Industrial Average by 1.1%, and the Nasdaq composite by 0.8%. This decline occurred even though U.S. economic reports showed robust growth, with the economy expanding at a 3.3% annual rate in the last quarter, surpassing expectations. However, concerns about inflation and potential Federal Reserve actions on interest rates contributed to the market's downturn. Internationally, markets had varied responses; Tokyo's Nikkei 225 rose by 0.5%, while Hong Kong's Hang Seng and Shanghai Composite saw declines. European markets also showed mixed results with France's CAC 40 slightly up and Germany's DAX down. The article highlights the tension between strong economic indicators and fears of persistent inflation and higher interest rates, influencing investor sentiment globally.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/stock-market-today-world-shares-are-mixed-after-wall-st-slumps-despite-strong-us-economic-data/ar-AA1x9aWq ]