Wall Street Tumbles At Open As Weak Industrials Add To Dour Mood

U.S. Stocks Fall as Dollar Gains FANG Boosts Tech Markets WrapMore

U.S. Stocks Fall as Dollar Gains FANG Boosts Tech Markets WrapMore

Wall Street sank on Tuesday, continuing a punishing month for USA stocks, as dismal outlook from industrial bellwethers Caterpillar and 3M sparked concerns over corporate growth and added to worries ranging from China's slowdown to Saudi Arabia's diplomatic isolation.

The 500 wealthiest people ranked on the Bloomberg index lost a total of $71 billion as the Dow Jones Industrial Average and S&P 500 also tumbled, erasing this year's gains.

The share values of several tech giants all fell on Wednesday, including Facebook (down 5.41 percent), Amazon (down 5.91 percent), Google's parent company Alphabet (down 5.17 percent), AT&T (down 8.08 percent) and Netflix (down 9.4 percent). Nvidia gave back 4.2 percent to $221.63, while Centene fell 8.2 percent to $129.67. They followed disappointing forecasts on Tuesday from Caterpillar and 3M.

AT&T sank after reporting weak subscriber numbers, and chip maker Texas Instruments fell sharply after reporting slumping demand.

If the Nasdaq closes down 10 percent or more from its closing high, a level it hit in the session, it would confirm a correction.

Dimanche 28 octobre, on change d'heure
Pour rappel, la Commission européenne a en effet proposé de mettre fin à ce système de basculement dès 2019. Dans la nuit de samedi 27 à dimanche 28 octobre, il faudra remettre les pendules à l'heure.


KEEPING SCORE: The S&P 500 fell 63 points, or 2.3 percent, to 2,677 as of 3:32 p.m.

The beaten-down technology sector fell 1.37 percent, led by chipmakers, over concerns of slowing growth in China and ahead of key earnings.

The Nasdaq slid 10 points, or 0.1 percent, to 7,457.

Sales of new US single-family homes fell to a near two-year low in September, the latest sign that rising mortgage rates and higher prices were hurting demand for housing. It rose 1.3 percent to $354.65 after the defense contractor's latest quarterly results topped analysts' forecasts.

The falls on Wall Street came after official figures showed USA home sales fell to their slowest pace in almost two years, and a Federal Reserve report indicated that companies across America were concerned about the impact of tariffs and widespread labour shortages.

Une bombe retrouvée au domicile des Clinton et d'Obama
La chaîne ABC a publié une photo d'une de ces " pipe bomb", une bombe fabriquée avec un tuyau et des fils électriques. Le colis a été découvert dans une salle de courrier, puis transporté par l'escouade antibombe.


Consistent with the other huge drops in recent weeks, technology stocks suffered big losses. Brent crude, used to price global oils, slid 0.4 percent to $76.17 a barrel in London.

MARKETS OVERSEAS: Major indexes in Europe were trading higher. It was down 62 points, or 0.3 percent, to 25,254. Halliburton dropped 3.3 percent to $35.21. The stock gained 6.2 percent to $176.91.

The pickup in oil prices helped lift energy stocks. Valero Energy slid 4.6 percent to $87.44.

CURRENCIES: The dollar weakened to 112.42 yen from 112.47 yen on Tuesday. It's shares rose 1.4%. S&P 500 Utilities and S&P 500 Consumer Staples were up about 3% and 2%, respectively. Copper dropped 1 percent to $2.76 a pound. Japan's Nikkei 225 index rose 0.4 percent after a private survey pointed to a recovery in manufacturing in October.

The Dow lost 462 points, or 1.8 percent, to 24,853.

Un eurodéputé italien écrase les notes de Moscovici avec sa chaussure
Le 23 octobre, la Commission européenne a rejeté le projet de budget 2019 de l'Italie , qui dispose de trois semaines pour réviser sa copie.


Latest News