World news
fromFortune
2 weeks agoChina's export boom is losing steam, thanks to the Iran war and the global energy crisis | Fortune
China's export growth slowed to 2.5% in March due to the Iran war's impact on global demand and energy prices.
Stocks are off to a lower start on Wall Street and on track for their first weekly loss in the last four. The S&P 500 fell 0.5% in the early going Friday. The Dow Jones Industrial Average fell 174 points, or 0.4%, and the Nasdaq composite fell 0.8%. Markets are reacting to the latest quarterly reports from U.S. companies. Payments company Block, which operates the Square and Cash App businesses, sank after turning in results that fell short of forecasts. Exercise equipment maker Peloton jumped after its results beat estimates. Treasury yields moved higher in the bond market.