قالب وردپرس درنا توس
Home / Business / Markets Now: Stock prices on Wall Street are significantly lower

Markets Now: Stock prices on Wall Street are significantly lower



Updated


NEW YORK (AP) – Latest news on financial market developments (local):

13:05


stocks plummeted on Monday The Dow Jones Industrial Average fell 653 points after President Trump's tweet had attacked the US Federal Reserve and its independence.

The Dow Jones lost 2.9 percent and the S & P500 benchmark lost 2.7 percent after the president's tweet had expressed frustration over the Fed's decision on short-term interest rates.

The Nasdaq fell 2.2 percent. The bond prices rose. The yield on the 10-year Treasury note fell to 2.74 percent.

Trading volume was low as the market closed early before the Christmas break closed.

___

12:25

The Dow Jones Industrial Average briefly fell more than 500 points after President Trump's tweet criticized Fed Chairman Jerome Powell.


President Donald Trump struck in the Federal Reserve on Monday after government officials spent the weekend reassuring the public and financial markets of Jerome Powell's work. The Fed chairman was sure.

The Dow fell 532 points to an intraday low of 21,912 before recovering slightly.

___

12:00

Stock prices in Middle Street trading on Wall Street are significantly lower, increasing market losses after its worst week in more than seven years.

Healthcare and technology stocks suffered some of the heaviest losses on Monday with the broad sell-off. Johnson & Johnson fell 4 percent. Microsoft fell 2.7 percent.

The trading volume was low during a shortened trading session before the Christmas holidays.

Bank shares are among the worst after news from the Treasury with CEOs of six major banks has fueled investor concerns

The S & P 500 fell 1.6 percent to 2,378 and the Dow Jones Industrial Average fell by 1.7 percent to 22,062. The Nasdaq Composite fell 0.9 percent to 6,275.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.77 percent.

___

9:35

Wall Street stock prices are lower as key US indices remain on track for the worst December since the 1930s. Bank stocks are among the worst stocks after news from the Treasury Department with CEOs from six major banks accentuated investor concerns.

The S & P 500 fell 0.5 percent to 2.404 and the Dow Jones Industrial Average fell 22.304 to 22.304. The Nasdaq Composite fell 6.39 percent to 6.309.


In half-day trading in Europe, the French CAC 40 fell 1.5 percent and the British FTSE 100 0.5 percent.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.77 percent.



Source link