(menafn – ecpulse)
The world's leading economy saw its shares plummeting throughout the opening session as pessimism was spread after that earnings reports at companies such as American Express Co. disappointed investors and the British economy unexpectedly contracted, which broke down accordingly a two-day rally for the Standard & Poor’s 500 Index.
The U.S. Dollar index, which measures the green Benjamin's performance versus six major currencies, consolidated to currently trade at 78.02 recording a high of 78.40 and a low 77.81, while gold is declining on the daily base to trade around 1328.30 and the black gold for instance plunged due to a consolidated dollar to trade around 87.83 a barrel.
The worst performing sectors within the Dow were the Telecommunications next to Health Care and Basic Materials shares, The S&P 500's worst performing sectors were the Technology, Financials and Industrials shares, the NASDAQ Composite index worst performing sectors were Industrials, Health Care and Basic Materials shares.
The Dow Jones industrial average shed 14.91 points or 0.12 percent to reach 11965.61 points, the Standard & Poor's 500 index is down by 1.19 points or 0.09 percent at 1289.65, while the Nasdaq composite index declined by 6.96 points or 0.26 percent to reach 2710.59 points.