Home Economy European shares close down, Wall Street falls on earnings anxiety

European shares close down, Wall Street falls on earnings anxiety

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  • Nasdaq drops 3% as investors await earnings
  • World, European shares give back earlier gains
  • China stocks fall further as Beijing races to battle COVID
  • Dollar hits fresh 2-year peak on China COVID fears, Fed bets
  • Graphic: Global asset performance

WASHINGTON/MILAN, April 26 (Reuters) – U.S. shares fell on Tuesday and European stocks extended losses for a third session as investors warily awaited U.S. tech earnings and worries over global growth lingered.

China’s COVID-19 curbs and fears of aggressive U.S. Federal Reserve tightening continued to damp risk appetite and lifted the dollar to new two-year highs.

Oil prices rebounded in volatile trading and gold prices rose on safe-haven buying.

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The tech-heavy Nasdaq led Wall Street lower. The Dow Jones Industrial Average (.DJI) fell 621.54 points, or 1.83%, to 33,427.92, the S&P 500 (.SPX) lost 90.36 points, or 2.10%, to 4,205.76 and the Nasdaq Composite

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