Stocks fell sharply Tuesday after office-supply giant Staples and other retailers offered disappointing quarterly results and a U.S. Federal Reserve (Fed) official said interest-rate increases might come sooner than expected. Stocks fell to session lows after Fed Bank of Philadelphia President Charles Ploser said the central bank’s current pace of reducing monthly bond purchases could be too slow if the economy improves as forecast. There was no major U.S. economic news released Tuesday. The U.S. dollar gained versus the euro and the yen. Light sweet crude for July delivery fell 17 cents to $102.44 a barrel. Gold futures rose 80 Cents to $1,294.60 an ounce. The Dow Jones industrial average fell 137.55, or 0.8 percent, to 16,374.31. Twenty-six of the index’s 30 components fell, led by Caterpillar, which reported that machine sales plunged 13 percent in the three months ending in April. Its shares fell almost 4 percent. The broader Standard & Poor’s 500 index fell 12.25, or 0.65 percent, to 1,872.93. General Motors (GM) recalled another 2.4 million vehicles, and the automaker’s shares fell 3 percent. The technology-heavy Nasdaq composite index fell 28.93, or 0.7 percent, to 4,096.89. Shares of Staples fell 12.5 percent on weak first-quarter profit and a warning that results in the current quarter are likely to miss Wall Street expectations.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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