Major U.S. stock-indexes fell more than 1 percent for the second day in a row, with the S&P 500 briefly turning negative for the year, as the continued decline in the yuan exacerbated fears about a global economic slowdown. The Dow fell to a six-month low on Wednesday, while the Nasdaq and the S&P hit a one-month low in a broad decline. The yuan hit a four-year low on Wednesday, falling for a second day after Chinese authorities devalued it, and sources said clamor in government circles to help struggling exporters would put pressure on the central bank to let it drop lower still.
Almost all of Dow stocks in negative area (28 of 30). Top looser - JPMorgan Chase & Co. (JPM, -2.84%). Top gainer - Intel Corporation (INTC, 0.66).
Almost all S&P index sectors also in negative area. Top looser - Financial (-1.8%). Top gainer - Utilities ( 0,4%).
At the moment:
Dow 17128.00 -227.00 -1.31%
S&P 500 2054.00 -25.75 -1.24%
Nasdaq 100 4454.75 -56.00 -1.24%
10 Year yield 2,09% -0,05
Oil 43.06 -0.02 -0.05%
Gold 1123.70 16.00 1.44%