TeleTrade - Analytics

    TeleTrade

    873.00 6.50/10
    68% of positive reviews
    Real

    16.11.2015 06:51 Global Stocks: U.S. stock indices fell

    U.S. stock indices fell on Friday amid weak earnings reports from big retailers and weaker-than-expected inflation data.

    The Dow Jones Industrial Average fell 202.83 points, or 1.2%, to 17,245.24 (-3.7% over the week). The S&P 500 lost 22.93 points, or 1.1%, to 2,023.04 (-3.6% over the week). The Nasdaq Composite declined 77.20 points, or 1.5%, to 4,927.88 (-4.3% over the week)

    Nine out of S&P's ten sectors fell. Nasdaq posted its worst weekly result since August 21.

    Data showed on Friday that U.S. retail sales rose only 0.1% in October missing expectations for a 0.4% increase because of lower spending at gas stations, car dealers and grocery stores.

    This morning in Asia Hong Kong Hang Seng dropped 1.48%, or 332.00, to 22,064.14. China Shanghai Composite Index declined 0.19%, or 6.74, to 3.574.82. The Nikkei 225 lost 0.83%, or 162.96, to 19,433.95.

    Asian indices fell with travel-related stocks leading declines in the wake of tragedies in Paris.

    CNBC wrote on Monday morning quoting IG's market strategist Evan Lucas that "the horrific events in Paris on Friday are likely to have a short, sharp effect in markets but in the long-term, real effects are more likely to influence political risk than the markets themselves."

    Meanwhile Japanese government reported a 0.2% contraction of the country's GDP in the third quarter. Economists had expected a 0.1% drop.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree