US stock indicators continue to decline on the statements of the head of the Fed
The value of the Dow Jones Industrial Average by 17:01 GMT 3 decreased by 0.7% - to 32064.03 points. Standard Poor''s 500 by this time fell by 0.6% - to 4032.75 points. The Nasdaq Composite index has lost 0.7% since the market opened and amounted to 12057.94 points. On Friday, the fall of the Dow Jones Industrial Average exceeded 1,000 points and became the highest percentage since May 18. The SP 500 and Nasdaq Composite posted their sharpest declines since June. Powell''s remarks, speaking at the annual economics symposium at Jackson Hole on Friday, were more reactive than market participants expected. Among the 30 components of Dow Jones, only three stocks show an increase in quotations at the beginning of trading: Chevron Corp. - by 1.5%, Boeing Co. - by 0.5% and Verizon Communications Inc. - less than 0.1%. The drop leaders were Dow Inc., which shed 1.6%, and Travelers Cos. - by 1.5%. The cost of Apple Inc. down 1%, Microsoft Corp. - by 0.9%, Tesla - by 1.8%. Sportswear maker Lululemon Athletica tumbled 0.6% after Jefferies downgraded its recommendation to a sell.
US stock indicators continue to decline on the statements of the head of the Fed
The value of the Dow Jones Industrial Average by 17:01 GMT 3 decreased by 0.7% - to 32064.03 points. Standard Poor''s 500 by this time fell by 0.6% - to 4032.75 points. The Nasdaq Composite index has lost 0.7% since the market opened and amounted to 12057.94 points. On Friday, the fall of the Dow Jones Industrial Average exceeded 1,000 points and became the highest percentage since May 18. The SP 500 and Nasdaq Composite posted their sharpest declines since June. Powell''s remarks, speaking at the annual economics symposium at Jackson Hole on Friday, were more reactive than market participants expected. Among the 30 components of Dow Jones, only three stocks show an increase in quotations at the beginning of trading: Chevron Corp. - by 1.5%, Boeing Co. - by 0.5% and Verizon Communications Inc. - less than 0.1%. The drop leaders were Dow Inc., which shed 1.6%, and Travelers Cos. - by 1.5%. The cost of Apple Inc. down 1%, Microsoft Corp. - by 0.9%, Tesla - by 1.8%. Sportswear maker Lululemon Athletica tumbled 0.6% after Jefferies downgraded its recommendation to a sell.