Worries about the impact of a tightening job market on the prospects for inflation and a surge in bond yields sent investors fleeing equities on Friday, with the Dow Jones Industrials Average swooning nearly 666 points, for its biggest daily percentage loss in 20 months.
US stock index futures took a pause Thursday as Wall Street kicked off a new trading month. The S&P 500 and Nasdaq couldn't make it back into the green before the close, but shaved most of today's losses to close only modestly lower.
NASDAQ measures a number of indices reflecting the reaction of USA's high tech markets and business environments on the country's political and economic developments which have an impact on high tech markets. "Unemployment stays at 4.1%, but given the strength of this report, it is hard to argue against a March Fed rate hike now", it added. The Nasdaq composite fell 37 points, or 0.5 percent, to 7,346.
Boeing's move comes after the aerospace manufacturer reported better-than-expected quarterly results and provided an upbeat outlook for 2018.by virtue of its share price has been the most influential among the Dow's components in recent months.
One bright spot was Amazon.com, which rose 6 per cent after the online retailer reported a record profit of near $US2 billion ($A2.8 billion), helped by a rise in sales and tax law changes. The Standard & Poor's 500 index gave up 49 points, or 1.8 percent, to 2,773.
Rahul accuses BJP of offering money to churches in Meghalaya
Parameshwara said all leaders, including the Chief Minister, will have to take the responsibility of their constituencies. He had attended the concert in Shillong yesterday, apparently to reach out to the young voters.
Xerox (XRX) trimmed its early gain to 2%, after reporting a healthy fourth-quarter and announcing that Japan's Fujifilm Holdings (FUJIY) would take a majority stake in the company, renaming the company Fuji Xerox.
BID ON THIS: Shares in eBay vaulted 14.5 percent after the e-commerce company gave a strong forecast for the current quarter. The stock lost $7.81 to $119.51. PayPal shares tumbled more than any other company in the S&P 500, shedding $6.92 to $78.40. Brent crude, used to price worldwide oils, declined 16 cents to $68.36 in London.
The Fed made a decision to leave interest rates unchanged, but said it expects inflation to move "up this year and to stabilize" around its 2 percent target.
Worries about soaring bond yields weren't isolated to the US. The euro strengthened to $1.2478 from $1.2410. The VIX Volatility Index was lower at 13.74 for a loss of -1.05 points or -7.10%.
MARKETS OVERSEAS: Major stock indexes in Europe declined. But Hong Kong's Hang Seng index dipped 0.1 percent to 32,843.20 and China's Shanghai Composite Index lost 0.9 percent to 3,449.93. Stocks in Southeast Asia were mixed. Over in Sydney, the S&P/ASX 200 gained 0.71%. Brent crude, used to price worldwide oils, gained 76 cents, or 1.1 percent, to close at $69.65 per barrel in London.