Wall Street subdued as China data adds to growth doubts – Reuters

Wall Street subdued as China data adds to growth doubts – Reuters

LONDON, Sept 15 (Reuters) - Wall Street faced a subdued session on Wednesday after unexpectedly weak data from China reinforced investor bets that global growth is slowing due to COVID and supply chain constraints.

The S&P 500 index hit a three-week low on Tuesday as worries about global recovery fed into stock markets that have enjoyed a prolonged run to record highs in recent months.

"You still have the global growth uncertainties that are linked to COVID still not being clearly behind us and the supply constraint issues," said Derek Halpenny, head of research, globla markets EMEA at MUFG.