Wednesday, 6 May 2015

US Market Update

US stocks ended weaker on Wednesday after US Federal Reserve Chair Janet Yellen warned of high valuations, adding to anxiety about future interest rates and a global bond rout.
Cutting losses of more than 1 percent in afternoon trade, the Dow Jones industrial average fell 86.22 points, or 0.48 percent, to 17,841.98, the S&P 500 lost 9.31 points, or 0.45 percent, to 2,080.15 and the Nasdaq Composite dropped 19.68 points, or 0.4 percent, to 4,919.64.


 

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