Stocks mixed as China rate cut fails to ease worries
Published
New York (AFP) Aug 21, 2023
Global stocks were mixed Monday with the tech-centered Nasdaq rallying after a Chinese rate cut failed to reassure investors worried about the outlook for the world's number two economy. Microsoft, Amazon and Facebook parent Meta were among the companies rising more than one percent in what analysts view as bargain-hunting after a weak stretch. The Nasdaq finished up 1.6 percent. In