US exchanges fell broadly on Wednesday night. Dow Jones ended down 1.2 percent to 17,711.12, while the broader S & amp; P 500 fell 1.0 percent to 2064.46. Technology Heavy Nasdaq tumbled 1.0 percent to 4,760.69.
Staples and Office Depot
Staples Inc. and Office Depot Inc. plunged . A planned merger between the two were stopped as a result of the US competition authorities concluded that the merger would threaten competition. The companies announced that they will appeal against the decision.
The former fell 18.4 percent to $ 8.45, according to preliminary figures, while Office Depot plunged 40.4 percent to $ 3.63.
Disney disappointed
Disney was also in focus after the company earned a turnover less than expected for the first time in five years. Earnings per share came in at $ 1.36, against $ 1.40 expected. Turnover was 12.97 billion dollars, the expected 13.19 billion dollars.
The stock fell four percent
Crude springing up
Data from the US EIA showed Wednesday afternoon that US crude oil inventories fell by 3, 4 million barrels to 540.0 million barrels in the week leading up to May 6.
According to TDN Finans was expected that stocks would increase by 0.8 million barrels.
Oil prices reacted immediately straight up, and Brent oil was up 2.4 percent immediately after the figures release. Tonight’s price up as much as 4.2 percent to $ 47.45 a barrel.
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