wall street dips on euro zone concern
Last Updated : GMT 02:09:47
Arab Today, arab today
Arab Today, arab today

Wall Street dips on euro zone concern

Arab Today, arab today

Arab Today, arab today Wall Street dips on euro zone concern

New York - XINHUA

The US stocks retreated on Thursday after European Central Bank President Mario Draghi warned that the economic weakness in the euro zone would likely prevail in coming months. The main stock indices opened lower, as Draghi said that risks to the economy were on the downside, after ECB's policy meeting on Thursday, which held its key interest rate unchanged at 0.75 percent as expected. He also added that the exchange rate was important for growth and price stability. The US dollar advanced against most of major currencies Thursday since Draghi expressed concerns over recent appreciation of the euro. A strengthened dollar imposed negative impacts on commodity- related stocks. On the economic front, Americans applying for initial jobless claims last week decreased to a seasonally adjusted 366,000, slightly higher than economists' expectations, but lower than the previous week's revised figure of 371,000, the Labor Department said Thursday. The four-week moving average, a better indicator of underlying trend in jobs market, dropped to 350,500 from the previous week's revised average of 352,750. The equity market was also weighed by downbeat corporate earnings reports. Shares of Akamai Technologies plummeted 15.20 percent to 35.26 US dollars though the leading cloud platform posted fourth- quarter earnings that beat analysts' forecast on the bottom line. The company issued cautious revenue guidance. Shares of Peregrine Semiconductor plunged 14.30 percent to 9.41 dollars after the tech company posted disappointing earnings. Besides, shares of Sprint Nextel edged down 0.52 percent to 5. 74 dollars as the third-largest US wireless carrier reported a drop in monthly contract subscribers. In the afternoon session, Wall Street rebounded modestly, trimming part of early losses. The Dow Jones Industrial Average dipped 42.47 points, or 0.30 percent, to 13,944.05. The Standard & Poor's 500-stock Index went down 2.73 points, or 0.18 percent, to 1,509.39. The Nasdaq Composite index lost 3.35 points, or 0.11 percent, to 3,165.13. Light, sweet crude for March delivery lost 0.82 percent to settle at 95.83 dollars a barrel on the New York Mercantile Exchange on Thursday, underpinned by a stronger dollar. However, Brent crude for March delivery edged up 0.44 percent to close at 117.24 dollars a barrel, with its premium to US crude expanding to 21.41 dollars. Gold future for April delivery on the COMEX division of the New York Mercantile Exchange on Thursday fell 0.45 percent to settle at 1,671.3 dollars per ounce.

arabstoday
arabstoday

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides
Arab Today, arab today
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*

wall street dips on euro zone concern wall street dips on euro zone concern

 



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*

wall street dips on euro zone concern wall street dips on euro zone concern

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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