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U.S. consumer sentiment drops to six-month low in May
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News Corp beats quarterly profit estimates
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Indexes down: Dow 0.39%, S&P 0.52%, Nasdaq 0.67%
(Updates prices throughout; adds details on Fed Governor Bowman, Twitter CEO)
By Shreyashi Sanyal and Shristi Achar A
May 12 (Reuters) - Wall Street's main indexes fell on Friday as U.S. consumer sentiment slumped to a six-month low, indicating that rapid interest rate hikes were starting to hurt economic growth, while Tesla shares shed t...
>>> Read more: US STOCKS-Wall St falls as consumer sentiment takes hit from rate hikes
U.S. consumer sentiment drops to six-month low in May
*
News Corp beats quarterly profit estimates
*
Indexes down: Dow 0.39%, S&P 0.52%, Nasdaq 0.67%
(Updates prices throughout; adds details on Fed Governor Bowman, Twitter CEO)
By Shreyashi Sanyal and Shristi Achar A
May 12 (Reuters) - Wall Street's main indexes fell on Friday as U.S. consumer sentiment slumped to a six-month low, indicating that rapid interest rate hikes were starting to hurt economic growth, while Tesla shares shed t...
>>> Read more: US STOCKS-Wall St falls as consumer sentiment takes hit from rate hikes