Back
21 Apr 2016
Wall Street closing in the red snapping 3-day gains
Wall Street finished lower today, snapping a three-day series of gains, while oil gave back some of its two-day gains.
The S&P 500 closed 10.92 points, or 0.5%, lower at 2,091.48. Significantly, losses were seen across nine of its 10 main sectors with telecoms and utilities the worst off.
The Dow Jones Industrial Average shed 113.75 points, or 0.6%, to 17,982.52, and the Nasdaq Composite fell 2.24 points, or less than 0.1%, to 4,945.89.
Elsewhere, the main event today was the ECB leaving the door open for further easing as inflation is seen to turn back into negative territory. This gave the green-light to the dollar bulls and subsequently the greenback rallied across the board, weighing on the corporate sector.
The S&P 500 closed 10.92 points, or 0.5%, lower at 2,091.48. Significantly, losses were seen across nine of its 10 main sectors with telecoms and utilities the worst off.
The Dow Jones Industrial Average shed 113.75 points, or 0.6%, to 17,982.52, and the Nasdaq Composite fell 2.24 points, or less than 0.1%, to 4,945.89.
Elsewhere, the main event today was the ECB leaving the door open for further easing as inflation is seen to turn back into negative territory. This gave the green-light to the dollar bulls and subsequently the greenback rallied across the board, weighing on the corporate sector.