New York Stock Exchange has completed a crimson Friday where the Dow Jones plunged 531 points (3.1 percent) to 16,459.75.
S & amp; P 500 slid 3.2 percent to 1,970.89. The two indices fell 5.8 percent during the week, the worst weekly drop in almost four years, according to Marketwatch.com.
For technology heavy Nasdaq went even worse. Nasdaq Composite index plunged 3.5 percent to 4,706.04. On a weekly basis the downturn of 6.8 percent.
The price of Brent crude tumbles 3.4 percent to $ 45.50 a barrel. American light oil goes for $ 40.21, after having been down in the 30s. The price has not been lower since 2009.
CNN refers to three factors that sent global markets down this week; Fears that the Chinese economy dabber by more than the country’s authorities expressed, blanded signals around a possible US interest-rate hike, as well as the sharp fall in prices of oil.
No comments:
Post a Comment