Home News Wall Street blue-chip index Dow Jones extended its loses

Wall Street blue-chip index Dow Jones extended its loses

Wall Street blue-chip index Dow Jones

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The Wall Street blue-chip index Dow Jones Industrial Average extended the loses from the previous session, engine Thursday trading with drop of 458 points. The accumulated loses during the Wednesday and Thursday trading sessions for Dow Jones were over 1,200 points to 25,140.34 points.

The broad index S&P 500 declined by 1.77%, or 49 points, to 2,736.38 points.

The technology index Nasdaq Composite reported a decrease of 0.94%, or 69 points, to 7,352.67 points.

Wall Street shares sharply declined, as investors have abandoned risky assets by looking at traditionally stable ones.

Particular impact on index results came also from the news that during the G20 summit, the US President Donald Trump will talk extensively with Chinese counterpart Xi Jinping to resolve the trade conflict between the two economic powers.

The stocks of the technological companies declines, with Netflix shares falling by 1.5%, while those of Apple devalued by 0.8%.

Earlier in the evening, it became clear that the US is looking for options to start trade talks with the European Union, the UK, Japan and the Philippines. According to US Trade Representative Robert Lighthizer, Washington’s idea is to find favorable sales markets for the US agricultural products.

On the bond markets, the yields on 10-year government bonds declined to 3.146%, while the 30-year bonds fell to 3.317%.

On forex markets, the dollar index, measuring the strength of US money against a basket of six competing currencies, declined by 0.53% to 95.00 points.

The oil markets were also negatively impacted by Wall Street sell-offs, reaching a two-week low. The futures on US light crude WTI depreciated by 2.20 USD, or 3%, to 70.97 USD per barrel. The price of the international benchmark Brent dropped by 2.83 USD, or 3.4%, to 80.26 USD per barrel.

The gold grew by 1.1% to 1,206.20 USD per ounce.