Arab Today, arab today us stocks tumble amid mixed data
Last Updated : GMT 02:39:31
Arab Today, arab today
Arab Today, arab today

US stocks tumble amid mixed data

Arab Today, arab today

Arab Today, arab today US stocks tumble amid mixed data

US bourse
New York - XINHUA

U.S. stocks extended losses in the morning session Thursday, as Wall Street pondered over the ongoing uncertainty about the timing of a rate hike amid mixed economic reports.

By midday, the Dow Jones Industrial Average shed 195.89 points, or 1.13 percent, to 17,152.84. The S&P 500 dropped 22.00 points, or 1.06 percent, to 2,057.61. The Nasdaq Composite Index slumped 82.34 points, or 1.64 percent, to 4,936.71.

As there is no Federal Reserve policy meeting in August, investors were still sifting through the highly-watched minutes from the Fed's July meeting released Wednesday afternoon.

According to the minutes, most U.S. Fed officials believed conditions for tightening monetary policy were approaching, but they failed to give clear signals on the timing of the first interest rate hike in nearly nine years.

Market analysts widely see September or even later as the most likely time for a Fed rate increase.

Meanwhile, the diving oil prices also weighed on market sentiment. Oil prices decreased to its lowest level in more than six years on Wednesday, with the U.S. oil settling at near 40 dollars a barrel.

On an economic front, in the week ending Aug. 15, the advance figure for seasonally adjusted initial jobless claims increased 4,000 from the previous week's revised level to 277,000, exceeding market consensus of 270,000, the U.S. Labor Department reported Thursday.

The four-week moving average was 271,500, an increase of 5,500 from the previous week's revised average.

U.S. total existing-home sales increased 2.0 percent to a seasonally adjusted annual rate of 5.59 million in July from a downwardly revised 5.48 million in June, beating market estimates, said the National Association of Realtors Thursday.

Sales in July remained at the highest pace since February 2007, have now increased year-over-year for ten consecutive months.

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 tumble amid mixed data Arab Today, arab today us stocks tumble amid mixed data

 



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 tumble amid mixed data Arab Today, arab today us stocks tumble amid mixed data

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
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 Mai Al-Jeddawi presents décor ideas for Ramadan
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