You are here: Home » Reuters » News
Business Standard

Facebook's rebound helps Wall Street cut losses

Reuters 

By Sruthi Shankar(Reuters) - A Facebook-led rebound in technology stocks in early afternoon on Wednesday helped Wall Street pare losses that were sparked by concerns about a U.S.-Russia conflict over Syria.Earlier in the day, U.S. President Donald Trump warned Russia of imminent military action in Syria, declaring missiles "will be coming"."It feels like there are expectations that the U.S. is going to take some action against Syria. The market, I don't believe, has priced one yet," said Phil Blancato, Chief Executive of Ladenburg Thalmann Asset Management in New York.The rising tensions sent ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, April 11 2018. 23:13 IST
RECOMMENDED FOR YOU