US exchanges saw red Thursday.
The Dow Jones fell 0.53 percent to 17,435.40, the Nasdaq 0.56 percent to 4,712.53, while the broader S & amp; P 500 Index pulled down 0.37 percent to 2,040.04.
“Fear index” VIX (CBOE) rose to around 16.7.
Investors had to digest a bit disappointing job numbers and very disappointing industrial figures, measured by Philly Fed index.
the figures calmed not investors’ nerves ahead of a potential rise in interest rates, as the minutes from the last monetary policy meeting pointed to yesterday.
Increased interest fears
boss Federal Reserve New York, William Dudley, contributed Thursday not to lower expectations of an interest rate increase.
Dudley said according to CNBC that he was quite satisfied with the market’s expectations for a June- or the July increase has picked up.
– I think this is just a hangover from yesterday, and more a reminder that the Fed continued to raise rates in the summer, says chief strategist Jeremy Klein in FBN Securities to the site.
– the comments that the market was right in adjusting itself, is not the same as saying that the Fed will raise rates, said chief analyst Peter Boockvar the Lindsey Group.
Statements by the commander of Richmond Fed, Jeffrey Lacke, Bloomberg Radio that he is comfortable with four rate hikes this year, also helped to weigh on the market.
the prospect of higher interest rates has speeded up the dollar and EURUSD vaket around 1.12 .
Wal-Mart amok
A stronger dollar adds – all else being equal – pressure on oil prices, but concerns about new offers disruptions in Nigeria limited the decline.
Front contract for WTI oil (June) ended down 0.1 percent to $ 48.16 a barrel.
Among individual stocks, we note first of all Wal-Mart and Cisco Systems, both of which popped up after their quarterly reports.
the former was today’s strongest Dow component, and slammed up 9.6 percent to $ 69.20 – the stock’s best enkeltdag exceeding seven years.
the latter “contented himself with” to rise 3.2 percent to $ 27.57.
Today’s weakest Dow component was Goldman Sachs, after falling by 3.3 percent to $ 154.70.
Monsanto climbed 3.5 percent to $ 100.55 after confirmation from Bayer that the German giant has contacted regarding a takeover bid.
the latter fell Thursday over eight percent at Frankfurt- exchange.
Advanced Auto Parts went back 0.2 percent to $ 143.54 after its quarterly results.
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