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US stocks turn negative, Nasdaq drops 1.60%

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Córdoba) - Stocks reversed sharply and swung to negative territory in a few hours. The Dow Jones is now falling more than a 100 points after being up 200. The Nasdaq is the worst among main indexes and losses 1.80%. The S&P is down 1.05% or 22 points.

    On the currency market, while stocks were reversing the yen soared while the US dollar tumbled, pushing the Dollar Index to 97.25, the lowest level since November 3. Commodities were experiencing a recovery but crude oil and gold erased gains.

    Volatility has risen during the last hours and it could continue that way ahead of the FOMC meeting next week. The bond market also experienced sharp price moves. The 10-year bond yield that reached 2.270% earlier, is now below 2.200%.

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