You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.


Stocks slip as World Bank cuts growth outlook

Continue reading below

Stock indexes fell back from record levels, declining the most in three weeks. The market opened lower after the World Bank predicted weaker global growth this year, citing a tough winter in America and the crisis in Ukraine. The bank now expects 2.8% growth this year, not the 3.2% it forecast in January. The report was a reality check for investors, who had pushed major indexes to all-time highs this week on optimism about the US economy. Still, some investors have long argued that many stocks had become overvalued. Stocks ‘were going up so much in the last few days that they were due for a little breather,’ said Brad Sorensen, at Charles Schwab.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of