The fluctuations were large along the way but US exchanges were deep in negative terrain when the final whistle sounded on Wednesday.
Dow Jones fell 0.93 percent to 17,348.73, the Nasdaq 0.80 percent to 5,019.05, while the broader S & amp; P 500 Index returned 0.83 percent to 2,079.61.
“Fear Index” VIX (CBOE) was up 12 percent to 15.96 at its highest in today’s trading, but corrected down to around 14.
Three stocks fell for each that rose on NYSE, and just before the end was 598 million shares traded for $ 2.9 billion.
Strong oil prices fall
The US ’10-year-old “fell to 2.12 percent.
On the commodity exchange in New York rose gold price $ 11 to $ 1,127.90 per ounce, while WTI oil peeled whole 4.3 percent after a surprisingly warehouse construction in the United States.
– putting pressure on energy stocks. But having said that, it happened today fall on a broad basis, says chief strategist JJ Kinahan in TD Ameritrade to CNBC.
The new, sharp stock market decline in China put a damper on the mood.
– It is the constant concern for what is happening in Asia and Europe. Our domestic economy looks good, says chief economist Scott Brown at Raymond James to the website.
No rate hike this year?
Today’s clean report from the Federal Reserve took investors a little on the bed and it was not just because it was released earlier than usual.
The report indicates that the conditions for the first interest rate increase in nearly a decade have not yet been met, and the central bank pointed out that inflation does not develop quite as desired .
– The majority interpreted as meaning that the conditions for a tighter monetary policy has not yet been achieved, but noted that they are approaching that point. Committee members (in Federal Open Market Committee) has observed that the labor market has improved noticeably since early this year, but many saw room for improvement, it was said in the minutes.
Chief strategist Michael Arone in State Street Global Advisors believes market definitely interpret this as a sign that the Fed probably will not raise interest rates in September.
– But there is still chance that a rate hike could come in December this year, he added opposite CNBC.
The dollar reacted to the minutes to weaken.
The abstract can be found here.
Oil Stocks burdened
The energy sector struggled, as said, and Chevron was the weakest Dow Jones component after a decline of 3.0 percent to $ 80.91.
Otherwise, the energy burdened ExxonMobil with a fall of 2.1 percent to $ 76.23 .
McDonald’s led the way among the winners, with an increase of 0.3 percent to $ 101.10.
Eight of the ten key indices in the S & amp; P 500 fell, while telecommunications and new sector rose.
Among individual stocks rose Analog Devices 0.8 percent to $ 58.38 after having presented better figures than expected, while Target was rewarded with a rise of 0.7 percent to 80, $ 87 for their numbers.
Lowe’s rose 1.9 percent to $ 74.37 after reporting weaker than expected earnings. Revenues and guidance for full year 2015 came however in better than expected.
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