U.S. stocks closed lower Wednesday after the World Bank lowered its outlook for global growth.
In U.S. economic news, House of Representatives Majority Leader Eric Cantor’s (Republican from Virginia) surprising loss to a tea party activist late Tuesday in a Virginia primary rattled investors, with some wondering if it heralded the return of gridlock on Capitol Hill.
In international economic news, the World Bank projected the global economy would expand 2.8 percent in 2014, down from a 3.2 percent forecast delivered in January. Its estimate for world growth in 2015 held at 3.4 percent.
The dollar edged lower against the currencies of major U.S. trading partners. Light sweet crude oil for July delivery added 5 cents to finish at $104.40 a barrel on the New York Mercantile Exchange. Gold futures rose $1.10 to $1,261.20 an ounce.
The Dow Jones industrial average lost 102.04, or 0.6 percent, to 16,843.88. The broader Standard & Poor’s 500 index declined 6.9, or 0.4 percent, to 1,943.89. The technology-heavy Nasdaq composite index shed 6.07, or 0.1 percent, to 4,331.93.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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