Wall Street closed lower for a third-straight day on Wednesday as oil resumed its decline, fuelling investor worries about global economic growth. The Dow Jones industrial average fell 78 points, or 0.43%, to 17,492, the S&P 500 lost 16 points, or 0.77%, to 2,048 and the Nasdaq Composite dropped 75 points, or 1.48%, to 5,023.
The Standard & Poor’s 500 suffered its biggest daily drop since late September on Thursday as the scale of the European Central Bank’s additional stimulus measures disappointed some investors. The Dow Jones industrial average fell 252 points, or 1.42%, to 17,478, the S&P 500 lost 30 points, or 1.44%, to 2,050 and the Nasdaq Composite
The UK Pound has rallied on news that UK factory activity surged in October, raising the chances of an earlier interest rate rise. Sterling jumped from US$1.543 to US$1.548 against the US Dollar after a 55.5 reading for October’s UK manufacturing purchasing managers’ index (PMI), far higher than the 51.3 investors had been expecting. Any reading above 50 indicates
Wall Street declined slightly on Wednesday, led by losses in materials and energy shares as weak Chinese and US factory data added to growth worries. The Dow Jones industrial average fell 51 points, or 0.31%, to 16,280, the S&P 500 lost four points, or 0.2%, to 1,939 and the Nasdaq Composite dropped four points, or
Wall Street fell on Monday as investors eyed the Federal Reserve’s decision on Thursday whether the economy and turbulent financial markets can handle higher interest rates. The Standard & Poor’s 500 Index slipped 0.4% to 1,953. The Dow Jones Industrial Average lost 62 points, or 0.4%, to 16,371. The Nasdaq Composite Index fell 0.3%. Investors
