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US stocks slide, Dow drops 150 points

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The stock markets in the US extended the risk-off sentiment seen in the Asian and European equities after a weak china data renewed growth concerns and led to a fresh sell-off in oil/commodity prices.

    At the time of writing, the Dow Jones Industrial Average (DJIA) was down 0.90% or 153 points. The S&P 500 was down 0.80% or 16 points. Early in the US session, the S&P futures were down more than 1%. Meanwhile, the tech-heavy Nasdaq index was down 0.60%.

    Except Biotechnology stocks; up 0.74%; all other DJIA indices were trading in the red. Oil and Gas index was down 1.37%. Basic Materials and Industrials were down more than 1%. All 30 DJIA stocks traded in red. Caterpillar was down 2% and was the top index loser. Other major losers were Boeing, Exxon Mobil, Ciso and Chevron.

    Across the pond, the Stoxx 600 index was down 1.66%.
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