NTD Business (June 23): Wall Street Drops Again as Oil Prices Slide; US Business Activity Growth Slows in June

Don Ma
By Don Ma
June 23, 2023NTD Business

Another drop for stocks on Friday has Wall Street on track to close out its first losing week in the last six, pulling back further from last week when it reached its highest level in more than a year.

U.S. business activity fell to a three-month low in June. Services growth eased for the first time this year and the contraction in the manufacturing sector deepened, according to a closely watched survey out Friday.

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