Stocks were poised for renewed losses, while bonds came under further pressure, as an increase in borrowing by the U.S. and lackluster earnings threaten this year’s surge in share prices. The selling has spread overseas, contributing to losses for stocks in Europe and Asia on Thursday. According to a report by Wsj.com, stocks face a fresh test after the close, when tech giants Amazon (AMZN) and Apple (AAPL) are due to report quarterly results. Tech giants Amazon and Apple to report quarterly results after the close. Overseas stocks retreated, with Stoxx Europe 600 and Asian markets posting losses, except for mainland Chinese stocks.

Source: Wall Street Journal August 03, 2023 11:02 UTC