Arab Today, arab today us stocks dive on german bond flop
Last Updated : GMT 04:34:53
Arab Today, arab today
Arab Today, arab today

US stocks dive on German bond flop

Arab Today, arab today

Arab Today, arab today US stocks dive on German bond flop

New York - AFP

US equity markets tanked Wednesday as a poor German government debt auction fueled fears over Europe\'s fiscal crisis and weak growth in the eurozone, a major US trading partner. Markets spent the day stuck in negative territory after Germany was able to sell only part of an issue of German 10-year bonds, considered the gold standard of eurozone debt. \"The European debt crisis escalated after a failed German government-bond auction indicated that investors are now demanding higher risk compensation even at the heart of the currency bloc\'s debt market,\" said Robert Brusca, chief economist at FAO Economics. The Dow Jones Industrial Average tumbled 236.17 points (2.05 percent) to finish at 11,257.55. The broader S&P 500-stock index dropped 26.25 points (2.21 percent) to 1,161.79, while the tech-rich Nasdaq slid 61.20 points (2.43 percent) to 2,460.08. US stocks were under solid pressure \"as the ongoing eurozone debt crisis is conspiring with resurfacing global economic concerns, courtesy of disappointing manufacturing data out of China and Europe,\" Charles Schwab analysts said. A batch of US economic data was mixed ahead of the Thanksgiving Day holiday Thursday, when US markets are closed. US consumers spent less than expected in October despite seeing a rise in earnings, government data showed, as businesses also trimmed big-ticket durable goods orders this month amid the threat of a global slowdown. New claims for US unemployment insurance rose only slightly last week from seven-month lows, suggesting stabilization in the weak job market where the unemployment rate is at 9.0 percent. Financial stocks were under pressure after the Federal Reserve\'s post-market announcement Tuesday that it will stress-test 31 major US banks next year. Bank of America dived 4.3 percent, Citigroup fell 3.9 percent and JPMorgan Chase shed 3.5 percent. KKR fell 2.5 percent to $11.50. The investment firm and three partners said they were buying most of privately held Samson Investment Company, a leading US energy producer, for $7.2 billion. Groupon shares plunged 15.5 percent to $16.96, falling below their initial $20 public offering price for the first time since the online daily deals site made its debut on the Nasdaq three weeks ago. Among the rare gainers was farm machinery maker Deere, up 3.9 percent after earnings beat market expectations. The bond market firmed sharply as investors sought their perceived safety. The yield on the 10-year Treasury bond fell to 1.88 percent from 1.94 percent late Tuesday, while that on the 30-year Treasury declined to 2.82 percent from 2.91 percent. Bond yields and prices move in opposite directions.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks dive on german bond flop Arab Today, arab today us stocks dive on german bond flop

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks dive on german bond flop Arab Today, arab today us stocks dive on german bond flop

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday