Fall of the shares of the United States; European actions slide over Italy's concerns
Fall of the shares of the United States; European actions slide over Italy's concerns
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The actions of EE. UU They fall again on Monday morning, and the technology and internet companies are suffering some of the biggest losses. Energy companies are coming down with oil prices. Shares are coming off two weeks of declines, and a big jump in bond yields surprised investors last week.
Stocks in Europe are falling after ItalyThe new deputy prime minister said the government will not deviate from its plan to increase spending. The bond markets of the United States are closed for the Columbus Day holiday.
KEEP THE SCORE: The S & P 500 index dropped 3 points, or 0.1 percent, to 2,881 at 9:50 a.m. Eastern Time. The Dow Jones Industrial Average fell 46 points, or 0.2 percent, to 26,401. The Nasdaq compound lost 27 points, or 0.4 percent, to 7,760. The Russell 2000 index fell 4 points, or 0.3 percent, to 1,628.
The S & P 500 fell 1.5 percent in the last two weeks. He had not taken two consecutive weeks of losses since the end of June. The Nasdaq and Russell are coming out of their worst week since the end of March.
Wall Street trade is expected to be light due to Columbus Day. The low volume of operations can sometimes lead to large swings in the market.
BONDS: Bond markets closed. The yield on the 10-year Treasury note, an important benchmark for mortgages and other types of long-term loans, jumped to 3.22 percent last week. That's the highest in more than seven years.
EARLY LOSS: among technology companies, MasterCard fell 1.7 percent to $ 209.65 and Salesforce slipped 1.5 percent to $ 152.76 while Apple lost 0.7 percent to $ 222.66. Netflix cut internet companies down, as it declined 1.8 percent to $ 344.94.
EUROPE: Italy's deputy prime minister pledged to press ahead with a plan to increase spending and the country's deficit after the European Commission expressed its "serious concern" over the idea. The five-star leader, Luigi Di Maio, said on Saturday that "there is no plan B" for a proposal that will increase the deficit to 2.4 percent of annual gross domestic product next year.
Italy's FTSE MIB fell 2.5 percent and Italian bond prices fell, which caused yields to rise. Germany's DAX fell 1 percent and CA 40 in France sank 1.2 percent. In Britain, the FTSE 100 fell 0.9 percent.
The euro sank to $ 1.1471 yen from $ 1.1525.
ASIA: Beijing injected money into its cooling economy by reducing the level of reserves banks have to keep, and its central bank told Chinese banks to lend more to entrepreneurs. Chinese leaders are trying to shore up economic growth that began to cool after Beijing tightened lending controls last year to curb the debt boom. A tariff struggle with the president of the United States, Donald Trump, has increased the downward pressure on growth.
Hong Kong's Hang Seng retreated 1.4 percent and Kospi in South Korea fell 0.6 percent. The Japanese markets were closed for a holiday.
The dollar fell to 113.22 yen from 113.73 yen on Friday.
ENERGY: US benchmark crude fell 0.5 percent to $ 73.95 per barrel in New York and Brent crude, used to price international oils, fell 0.8 percent to $ 83.49 per barrel in London.
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You can contact the AP Markets writer, Marley Jay, at http://twitter.com/MarleyJayAP Her work can be found at https://apnews.com/search/marley%20jay
SOURCE LINK ERESVIRAL.COM https://www.beviral.online
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