(MENAFN– ecpulse)
The U.S. local stock market closed the day in red territories pushing the Nasdaq 100 Index to its biggest three-day retreat since 2011 and erasing the year’s gains in the Standard & Poor’s 500 Index, as technology shares extended last week’s selloff.
In fact we should not forget that last week Wall Street closed in red n red territories with actually the Nasdaq Composite Index poised for the biggest drop in almost two years, as a selloff worsened for some of the bull-market’s best performing stocks.
Also last week’s jobs report showed that employers added 192,000 jobs in March. That`s less than economists had expected and also below February`s total of 197,000.
However , companies added a combined 37,000 more jobs in February and January than the government first estimated, indicating the economy was less affected by severe weather than thought. A half-million Americans started looking for work last month, and many of them found jobs.
Accordingly:
-The Dow Jones Industrial Average shed 1.02% to 16245.87
-The S&P 500 Index plunged by 1.08% to 1845.04
-The NASDAQ Composite fell by 1.16% to 4079.75. As of 16:15 p.m.
Now regarding shares up till now Facebook Inc., Twitter Inc., and Priceline Group Inc. fell at least around 0.4 percentDow Jones,Nasdaq,S&P,US closing
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