Arab Today, arab today us stocks tumble in lateday dive after mixed data
Last Updated : GMT 08:47:17
Arab Today, arab today
Arab Today, arab today

US stocks tumble in late-day dive after mixed data

Arab Today, arab today

Arab Today, arab today US stocks tumble in late-day dive after mixed data

New York - AFP

US stocks tumbled Friday, accelerating their losses after a flurry of mixed indicators sparked volatile trade in the last session of the month. The Dow Jones Industrial Average shed 208.96 points (1.36 percent) at 15,115.57. The broad-based S&P 500 dived 23.67 (1.43 percent) to 1,630.74, while the tech-rich Nasdaq Composite lost 35.38 (1.01 percent) at 3,455.91. The indices plunged more than 1.0 percent in late trade as the \"fear index\" measuring market volatility finished at its highest level since mid-April. The market was hammered by \"a war between the differing readings on the US economic data,\" said Gregori Volokhine of Meeschaert New York. The Commerce Department reported that consumer spending dropped by 0.2 percent last month, the first monthly fall since May 2012 and a signal that growth slowed at the beginning of the second quarter. Offsetting that was a jump in the Chicago area PMI index to 58.7, its highest since March 2012, and the University of Michigan consumer confidence barometer, which rose to a better-than-expected 83.7, the highest since July 2007. Jon Ogg of 24/7 WallSt. said the Chicago PMI reading was not as strong as the headline number suggested, pointing to comments from those surveyed in the region. \"The commentary from the ISM Chicago appears to be far more cautious than the numbers might have led you to believe,\" Ogg said. Among top-traded stocks, insurer AIG tanked 3.8 percent, Amazon rose 0.9 percent and Morgan Stanley edged up 0.3 percent. Facebook added to its 5.3 percent gain Thursday, rising almost 3.0 percent on the back of analyst upgrades. A day after their bidding war for broadband carrier Clearwire heated up, Dish Networks fell 2.5 percent while Sprint lost 0.5 percent. Clearwire shares dropped 0.4 percent. Krispy Kreme Doughnuts soared 21.5 percent to $17.32 after reporting a 37 percent jump in fiscal first quarter net income and revenue up 11.2 percent. The donuts chain also raised its forecast for the full year. Monsanto shares plunged 4.3 percent to $100.64 as the US agriculture giant faced a rising protest over its genetically engineered seeds after an unapproved modified wheat strain was found on an Oregon farm. Computer chip maker Omnivision Technologies soared 19.2 percent after it turned in a strong jump in profits for its fiscal fourth quarter, to $8.9 million from $2.7 million a year earlier, on a 54 percent climb in revenues. Bond prices fell. The yield on the 10-year US Treasury rose to 2.16 percent, its highest level since early April 2012, from 2.12 percent late Thursday. The 30-year yield rose to 3.31 percent from 3.29 percent. Bond prices move inversely to yields.

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 in lateday dive after mixed data Arab Today, arab today us stocks tumble in lateday dive after 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 in lateday dive after mixed data Arab Today, arab today us stocks tumble in lateday dive after mixed data

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

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 Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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