Arab Today, arab today us stocks drop on final day of first quarter
Last Updated : GMT 22:01:08
Arab Today, arab today
Arab Today, arab today

US stocks drop on final day of first quarter

Arab Today, arab today

Arab Today, arab today US stocks drop on final day of first quarter

Wall Street stocks have been choppy as investors ponder US monetary policy
New York - AFP

Wall Street stocks tumbled Tuesday, snapping a two-day winning streak to close the first quarter on a sour note as volatility in equity markets stays high.
The Dow Jones Industrial Average sank 200.19 points (1.11 percent) to 17,776.12.
The broad-based S&P 500 fell 18.35 (0.88 percent) to 2,067.89, while the tech-rich Nasdaq Composite Index dropped 46.56 (0.94 percent) to 4,900.88.
US stocks have been choppy as investors ponder US monetary policy, Greece's prospects for staying in the eurozone and the big drop in oil prices.
"We're seeing an increase in volatility. Investors have a lot of questions," said Alan Skrainka, chief investment officer at Cornerstone Wealth Management.
Data Tuesday showed a gain in consumer confidence in March and a modest year-on-year rise in US home prices in January.
Biotech stocks, which have been seen by some analysts as overvalued, fell sharply. Biogen lost 2.2 percent, Celgene fell 4.0 percent and Gilead Sciences declined 2.5 percent.
Tech stocks that fell included Apple (-1.5 percent), Facebook (-1.2 percent) and Netflix (-1.4 percent).
Cable TV operator Charter Communications bolted 5.3 percent higher after announcing it would buy Bright House Networks for $10.4 billion in cash and shares, bringing it an additional two million customers in Florida as well as four other US states.
Johnson Controls gained 1.2 percent on news it reached a deal to sell a unit specializing in workplace efficiency to the CBRE Group for $1.5 billion. CBRE jumped 6.3 percent.
Tobacco companies Reynolds American and Lorillard fell on reports saying their merger could be blocked by US antitrust regulators. Lorillard lost 1.6 percent and Reynolds shed 0.8 percent.
Bond prices rose. The yield on the 10-year US Treasury fell to 1.93 percent from 1.96 percent, while the 30-year dipped to 2.54 percent from 2.55 percent. Bond prices and yields move inversely.

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 drop on final day of first quarter Arab Today, arab today us stocks drop on final day of first quarter

 



Arab Today, arab today

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 drop on final day of first quarter Arab Today, arab today us stocks drop on final day of first quarter

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
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