Friday, 29 April 2016

Wall Street Sinks on BOJ Fears, Icahn Comments

US stocks closed down on Thursday as the Bank of Japan's shocking call to cap monetary stimulus continued to rattle investors while a late day decline in Apple shares on remarks by billionaire investor Carl Icahn added to selling pressure.

The benchmark S&P 500 had its worst day in three weeks, losing 19.34 points, or 0.92 percent, to 2,075.81, the Dow Jones industrial average fell 210.79 points, or 1.17 percent, to 17,830.76 and the Nasdaq Composite dropped 57.85 points, or 1.19 percent, to 4,805.29.

Nine of the major S&P 500 sectors were lower, with information technology's 1.4 percent fall leading the decliners. Consumer staples rose 0.03 percent.

"This really personifies how important central bank policy is on the market," said Jack Ablin, chief investment officer at BMO Private Bank.


Ripples Advisory Is a leading Stock Advisory Company In India.We are Providing stock advisory tips,Best stock advisory company in indore, stock advisory company on mobile with 90-95% accuracy level.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.