US stocks end lower, Dow Jones falls for third day in row

2021-10-12 21:56:31 GMT (Economies.com)
US stocks end lower, Dow Jones falls for third day in row

US stock indices fell on Tuesday, after holding in early trading, as Dow Jones deepened its losses for the third straight session.

 

The International Monetary Fund lowered today its estimate for global GDP growth by 0.1% to 5.9% in 2021, and kept its forecast for 2022 at 4.9%.

 

The IMF also lower its forecast for US GDP in 2021 by 1% to 6% from a growth by 7% in its previous estimate.

 

Vice Chair of the US Federal Reserve Richard Clarida stressed that the US isn’t headed for the kind of "stagflation" that developed in the 70s of the last century.

 

Investors are anticipating major companies to report their quarterly results for the third quarter starting this week.

 

To the oil market, WTI crude November futures rose 0.2% or 12 cents, and closed at $80.64 a barrel.

 

Brent December futures fell 0.3% or 23 cents, and closed at $83.42 a barrel.

 

As for stocks, Dow Jones fell 0.3% or 117 points, and closed at 34,378, with a day high of 34,611, and a low of 34,318.

 

S&P 500 fell 0.2% or 10 points to 4,350, after hitting a high of 4,374 and a low of 4,342 points.

 

Nasdaq fell 0.1% or 20 points to 14,465, with a high of 14,552 and a low of 14,441.

 
 
 
  Symbol Last Change Chg.%
1.1621
0.0010
0.0866%
1.3760
0.0021
0.1532%
Tadawul
11890.10
44.17
0.37%
24.381
1.067
4.579%
84.403
1.057
1.268%
86.21
0.68
0.80%
1799.420
29.680
1.677%
 
 
US
 
Europe
 
Asia