LONDON: U.S. stocks experienced their fifth-straight session of fall, under pressure from unsatisfactory wages and fears about global monetary growth.
The Dow Jones Industrial Average fell 106.38 points, or 0.6%, to 17320.71. The S&P 500 lost 18.60 points, or 0.9%, to 1992.67. The index has posted its second five-session losing streak since Dec. 29, after more than a year without one.
The Nasdaq Composite Index dropped 68.50 points, or 1.5% to 4570.82.
Corporate earnings were a main focus Thursday, traders said. The financial sector of the S&P 500 lagged behind the broader index, falling 1.3%, after two major U.S. banks reported results that fell short of Wall Street’s forecasts. J.P. Morgan Chase & Co. fell 3.2%, on the heels of a 3.5% loss on Wednesday, when it reported disappointing earnings.
“[Investors] are looking at the valuations of certain sectors and stocks, and saying it’s time to rotate into safer names” after the latest raft of reports, said Brian Fenske, head of sales trading at brokerage ITG in New York.
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
