
U.S. stocks closed lower Wednesday, with shares of big technology companies and other momentum stocks bearing the brunt. In U.S. economic news, after the market closed, the Federal Reserve (Fed) approved the capital plans of 25 of the nation’s 30 largest banks as part of the final leg of its annual required stress tests. Citigroup was among the five banks that had their capital plans rejected, meaning the bank will not be allowed to boost its dividend payment. Shares of Citigroup were down in extended trading. The dollar gained ground against the pound but lost ground versus the euro and the yen. Light sweet crude oil for May delivery added $1.07 to $100.26 a barrel on the New York Mercantile Exchange. Gold futures dropped $8.00 to $1,303.40 an ounce. The Dow Jones industrial average fell 98.89, or 0.60 percent, to 16,268.99. The broader Standard & Poor’s 500 index lost 13.06, or 0.70 percent, to 1,852.56. The technology-heavy Nasdaq composite index dropped 60.69, or 1.43 percent, to 4,173.58.
GMT 19:47 2018 Saturday ,06 January
Global stocks extend rally; London hits record peakGMT 19:22 2018 Wednesday ,03 January
Worldwide stocks start year on a highGMT 10:37 2018 Wednesday ,03 January
Asian markets build on gains, dollar faces further weaknessGMT 17:30 2017 Sunday ,31 December
London stocks end year on record highGMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 18:51 2017 Monday ,25 December
Oman’s share index falls on lack of buying supportGMT 08:49 2017 Sunday ,24 December
'Virtual gold' may glitter, but mining it can be really dirtyGMT 17:45 2017 Saturday ,23 December
Madrid stocks sink on Catalan woes; London hits record
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor