Wall Street ends mostly lower

2018-10-09 21:46:06 GMT (Economies.com)
Wall Street ends mostly lower

US stock indices closed the second session of the week mixed but mostly lower, with Dow Jones and Standard and Poor's 500 losing ground, while the tech sector nudged NASDAQ higher on active short-covering after recent losses. 

 

The International Monetary Fund cut its forecasts for global growth for this year and the next for the first time in two years, with US and Chinese economies the most important downgrades alongside the euro zone due to rising trade protectionism. 

 

On Sunday, the People's Bank of China cut reserve requirements for Chinese banks for the fourth time this year amid attempts to ease policies and bolster spending. 

 

Upbeat US labor data released last week all but paved the way for continued policy tightening by the Federal Reserve, while US 10-year treasury yields surged to seven-year highs at 3.23, weighing on stocks. 

 

Indices, Commodities 

 

Dow Jones fell 0.21%, or 56.21 points to 26,430.57, while Standard and Poor's 500 shed 0.14%, or 4.09 points to 2,880.34. NASDAQ Composite inched up 2.07 points to 7,738.02. 

 

Gold futures due in December rose 0.38% to $1,193.10 an ounce, while the dollar index inched down 0.07% to 95.69 away from August 20 highs. 

 

US crude futures due in November rose 0.51% to $74.67 a barrel, while Brent December futures rallied 1.18% to $84.90 a barrel. 

 
 
 
  Symbol Last Change Chg.%
1.1305
-0.0092
0.8081%
1.2587
-0.0116
0.9120%
14.564
-0.057
0.386%
51.211
-1.034
1.980%
60.23
-1.17
1.91%
1238.250
-9.790
0.784%
 
 
US
 
Europe
 
Asia