Latest US stock prices News & Updates

Seoul, Jan 16 (IANS) A sharp drop in US stock prices similar to the collapse of the dot-com bubble could trigger a steep contraction in US consumer spending, South Korea’s central bank said on Friday, noting the local economy, too, may suffer serious setbacks should such a case occur.According to a recent report by the Bank of Korea (BOK) on U.S. consumption, a 10 per cent decline in US equity prices would reduce annual consumption growth by about 0.3 percentage point, reports Yonhap news agency…