Economic news

Global tensions pulls down Wall Street

On Wednesday, Wall Street shares closed lower amid ongoing concerns at geopolitical tensions over Syria and North Korea.

By the end of the day, the Dow Jones index fell 59,44 points, or 0.29% to 20,591.86, while the S&P 500 index fell 8.85 points, or 0.38% to 2,344.93.

Tech-focused Nasdaq composite was down 30.61 points, or 0.52% to 5,836.16.

Financial stocks did particularly strong ahead of results Wells Fargo, Citigroup and JPMorgan on Thursday.

The S&P 500 index dropped 0.9%, with the loss of Wells and Citi 1.92% and 0.88%, respectively. JP Morgan gained 0.33%.

Shares in United Airlines fell further, after the head of the company Oscar Munoz said that he would not step down over the forced withdrawal of a passenger from a flight.

The stock closed at 1.10% lower after yesterday falling 1%.


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