Arab Today, arab today us stocks fall for fifth straight session
Last Updated : GMT 16:53:07
Arab Today, arab today
Arab Today, arab today

US stocks fall for fifth straight session

Arab Today, arab today

Arab Today, arab today US stocks fall for fifth straight session

New York - AFP

US stocks sank Tuesday for the fifth straight drop as worries about upcoming earnings, slower growth and the possibility of a Spain-driven return to crisis in Europe, kept a cloud over trade. The Dow Jones Industrial Average finished down 213.66 points (1.65 percent) to 12,715.93. The broader S&P 500 dropped 23.61 points (1.71 percent) to 1,358.59, while the tech-rich Nasdaq fell 55.86 (1.83 percent) to 2,991.22. The main driver for Tuesday\'s fall was the return of nervousness over Europe as yields on Spanish debt jumped amid rising doubt over its ability to stabilize its finances, said Gregory Volokhine of Meeschaert Capital. \"The focus has turned to Spain where the rates have climbed in a worrying way,\" he said. Moreover, he added, the European debt crisis \"is beginning to have repercussions on US exporters.\" It was the fifth straight fall in the market, leaving the Dow and S&P indexes 3.5 percent down from their four-year highs hit on April 2. \"The short-term momentum is definitely down right now, and jumping into long positions is akin to catching a falling knife,\" said technical analyst Joe Bell of Schaeffer\'s Investment Research. Bank of America led the Dow blue chips lower with a 4.4 percent tumble, as investors appeared worried over how banks would fare in their first-quarter earnings reports. By sector industrials took the biggest fall, with Ford losing 3.6 percent, and Alcoa fell 2.9 percent ahead of its first-quarter earnings release. But the aluminum giant Alcoa reported after the close of trade net earnings that handily beat analysts\'s expectations: The company reported net income of $94 million, or 10 cents per share, compared with average forecasts of a loss of four cents. Troubled big box electronics retailer Best Buy dropped 5.9 percent after its chief executive Brian Dunn resigned, despite the company insisting there were no differences between Dunn and the board of directors. On the Nasdaq, video distributor Netflix sank 4.5 percent and online travel discounter Priceline lost 3.1 percent. Bond prices rallied. The yield on the 10-year US Treasury slipped to 1.99 percent from 2.04 percent Monday, while the 30-year yield dropped to 3.14 percent from 3.18 percent.

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 fall for fifth straight session Arab Today, arab today us stocks fall for fifth straight session

 



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 fall for fifth straight session Arab Today, arab today us stocks fall for fifth straight session

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
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 Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
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 EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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