SME Times is powered by   
Search News
Just in:   • Trump warns Russia against election meddling  • Hyundai Motor India to raise vehicle prices from Jan 2020  • Auto sales decline by 12 pc in Nov: SIAM  • Send Data Privacy Bill to standing panel: CUTS  • ADB cuts India's growth forecast to 5.1 pc 
Last updated: 13 Jun, 2019  

NYSE.9.Thmb.jpg US stocks end lower as tech, financial shares fall

NYSE.9..jpg
   Top Stories
» Auto sales decline by 12 pc in Nov: SIAM
» ADB cuts India's growth forecast to 5.1 pc
» Agriculture budget doubled by Centre: Minister
» Rs 5 lakh cr to be spent in infra: Minister
» 'Number of exemptions for startups'
IANS | 13 Jun, 2019
US equities closed lower, pressured by the losses in tech and banks shares.

The Dow Jones Industrial Average fell 43.68 points, or 0.17 per cent, to 26,004.83 on Wednesday. The S&P 500 was down 5.88 points, or 0.20 per cent, to 2,879.84. The Nasdaq Composite Index decreased 29.85 points, or 0.38 per cent, to 7,792.72, Xinhua reported.

Shares of Goldman Sachs and JPMorgan Chase slid 2.32 per cent and 1.27 per cent, respectively, among the worst performers in the Dow. The S&P 500 financials sector declined 0.95 per cent.

Major chip stocks underperformed, weighing on the tech sector. Shares of Lam Research Corporation slumped 5.29 per cent, while Qualcomm dropped 2.32 per cent. VanEck Vectors Semiconductor ETF (SMH), which tracks the overall performances of major US exchange-listed companies in the semiconductor industry, closed down 2.17 per cent.

On the economic front, the U.S. consumer price index for all urban consumers increased 0.1 per cent in May on a seasonally adjusted basis after rising 0.3 per cent in April, the US Department of Labor reported.

The closely-watched core inflation that strips out food and energy also advanced a scant 0.1 per cent last month.

The muted inflation data came as investors increasingly speculate on interest rate cuts from the Federal Reserve.

Market expectations for lower rates by July were at 85.3 per cent on Wednesday, according to the CME Group's FedWatch tool.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 12 Dec, 2019
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» MRF to set up a new plant in Gujarat(2)
» India software market grew 12.4% in H1 2019: IDC(1)
» Starting an import export business: Basic guide for beginners(1)
» "Govt's mantra Sabka Saath, Sabka Vikas, Sabka Vishwas"(1)
» Forex reserves rise by $2.48 bn to over $451 bn(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter