Arab Today, arab today us stocks sink in turbulent day of trade us stocks sink in turbulent day of trade
Last Updated : GMT 13:28:02
Arab Today, arab today
Arab Today, arab today

US stocks sink in turbulent day of trade US stocks sink in turbulent day of trade

Arab Today, arab today

Arab Today, arab today US stocks sink in turbulent day of trade US stocks sink in turbulent day of trade

US stocks fell sharply soon after the markets opened
New York - AFP

 US stocks Wednesday finished a turbulent day in the red, rallying somewhat from a huge midday drop spurred by worries over global economic weakness and the Ebola epidemic.
The Dow Jones Industrial Average fell 173.45 points (1.06 percent) to 16,141.74. The blue-chip index had fallen more than 400 points earlier in the session.
The broad-based S&P 500 dropped 15.21 (0.81 percent) to 1,862.49, while the Nasdaq Composite Index lost 11.85 (0.28 percent) at 4,215.32.
The main indices were in negative territory throughout the session, with swings in stocks accompanied by big moves in other markets. Equity markets in Britain, France and Germany closed more than two percent lower, while yields on US Treasury bonds also sank below key benchmarks before rallying.
"We haven't seen this level of volatility since 2011," said Tyson McCabe, senior director of advisory services at Nasdaq.
"There are so many different data points coming in, being Ebola or some of the weak US data points, that market participants are really struggling with where to get their read from."
Stocks fell sharply soon after the markets opened following disappointing reports on US retail sales and producer prices.
Equity markets then cut their losses but plunged again midday soon after US health officials warned of more potential Ebola cases after a second health care worker in Dallas was diagnosed with the virus.
Stocks began paring their losses again soon after the Federal Reserve's Beige Book said the US economy continues to grow at about the same modest pace of recent months.
The market's lurches lifted some investments, such as the Russell 2000, a closely watched small cap index, which rose 1.0 percent.
But "there is more negative than positive," McCabe said.
Bank of America fell 4.6 percent after it reported a $70 million third-quarter loss due to a $5.3 billion charge on legal expenses following a mortgage-securities settlement.
Other financial equities suffered deep losses, including Dow member JPMorgan Chase (-4.2 percent), Citigroup (-3.5 percent) and Wells Fargo (-2.0 percent).
Dow member Wal-Mart Stores fell 3.6 percent after cutting its full-year sales forecast  to two-three percent from the previous range of three-five percent.
Bond prices leaped higher. The yield on the 10-year US Treasury dropped to 2.09 percent from 2.21 percent Tuesday after earlier falling below two percent for the first time during a trading session since June 2013.
The 30-year Treasury fell to 2.88 percent from 2.96 percent. Bond prices and yields move inversely.

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 sink in turbulent day of trade us stocks sink in turbulent day of trade Arab Today, arab today us stocks sink in turbulent day of trade us stocks sink in turbulent day of trade

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom, China plunges into snow biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom, China plunges into snow biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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