While you were sleeping: IMF cuts global growth outlook

Tue, 06 Oct 2015

By Margreet Dietz Oct. 7 (BusinessDesk) - Wall Street was mixed, as shares of DuPont rallied, while biotech stocks dropped, while the International Monetary Fund downgraded its global growth forecasts. In New York trading at about 2.15pm, the Dow Jones industrial average added 0.25 percent. The Standard & Poor’s 500 Index fell 0.5 percent, and the Nasdaq Composite Index dropped 0.9 percent. The Dow moved higher as gains in shares of DuPont and those of Chevron, last up 8.8 percent and 3.2 percent respectively, outweighed slides in sha...

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