HomeNewsNewsWall Street dips, dollar gains on economic, geopolitical concerns

Wall Street dips, dollar gains on economic, geopolitical concerns

  • Flight to safety boosts dollar
  • Crude up slightly ahead of OPEC+ meeting
  • Pelosi Taiwan visit fuels geopolitical tensions
  • Report hints at easing U.S. jobs market

NEW YORK, Aug 2 (Reuters) – U.S. stocks ended a choppy session lower on Tuesday, while the dollar rallied as risk appetite was dampened by economic uncertainties and escalating U.S.-China tensions.

All three major U.S. stock indexes closed red, with the blue-chip Dow faring worst. Economically sensitive transports (.DJT) 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.

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