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U.S. stocks

2020-06-12 17:37:16

U.S. stocks fell sharply

The Standard & Poor's 500 index closed down 188.04 points, or 5.89%, at 3002.10 on June 11 (04:00 GMT, June 12), at 2999.49. The Dow Jones Industrial Average closed down 1861.82 points, or 6.90%, at 25128.17, as low as 25082.72. The Nasdaq composite index closed down 527.62 points, or 5.27 percent, at 9,492.73, having fallen as low as 9,491.31. All three indexes suffered their biggest one-day falls since mid-March.

Wall Street, which has been hitting new highs, reversed course on Thursday, with major indexes losing more than 1,900 points after opening sharply lower, while the S&P 500 fell below 3,000 and the nasdaq fell below 9,500. The Fed's gloomy outlook for the economy and signs of a second outbreak in several US states weighed on markets.

All sectors were lower:

Among big U.S. tech stocks, Apple fell 4.8 percent, Amazon fell 3.38 percent and Microsoft fell 5.37 percent.

In U.S. financial stocks, jpmorgan chase fell 8.38%, Goldman Sachs 9.1%, Citigroup 13.37% and Morgan Stanley 8.48%.

In the U.S., Exxon Mobil fell 8.85 percent, Conocophillips fell 8.17 percent and EOG Energy Sources fell 8.05 percent.

Most popular Chinese stocks ended lower, with Alibaba down 3.77%, Ka Yin Jin Ke down 32.76%, Magic Line down 27.61%, Fangduo down 20.04% and Luckin Coffee down 14.72%.

Dow Jones:

On a technical level, yesterday's eventful sell-off in THE U.S. stock market has fallen close to hitting support, which investors can focus on as well as the performance of positions below


 

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