Wednesday, December 5, 2018

Top 5 Things to Know Today: Wall Street Closed, Global Stocks Slump, Brexit

Investing.com Wednesday, December 5, 2018


U.S. financial markets are closed in honor of former President George H.W. Bush's funeral. The New York Stock Exchange and Nasdaq will be shut in observance of a national day of mourning for the U.S.'s 41st president, who died Friday at the age of 94. Bond markets will also be closed.

Other global markets will operate on a normal schedule, though volumes will be lighter than normal.

World stocks were dragged lower, following a sharp overnight selloff on Wall Street, as worries about a potential economic slowdown and the state of the U.S.-China trade war kept buyers on the sidelines.

Back in Europe, investors are keeping a watchful eye on any further political developments in the UK, as lawmakers continue to debate Westminster's Brexit plan.

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