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Markets report: Owen Nkomo

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Stocks dipped on Wall Street yesterday as a drop in Apple shares partly offset gains in energy and financial stocks, some of the market's worst-performing sectors so far this year. Data showed that services sector activity slowed in May as new orders tumbled. Despite the softening economic number, traders still bet that the Federal Reserve will raise rates at its meeting next week. The Dow Jones Industrial Average fell by 0.1 percent. The S&P 500 lost 0.1 percent, as well and the Nasdaq Composite index also dropped by 0.1 percent.For more news, visit: http://www.sabc.co.za/news


SABC News actuality world news local news Owen Nkomo Markets Rand
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