US stocks end deeply in red, near session lows

Friday, 14. December 2018 22:02

Investors sold off equities on Friday on the back of discouraging macroeconomic data from China, the European Union and the United States, but also Brexit fears and trade war concerns. Precious metals and oil also suffered, on a rally in the dollar, while the yen and benchmark sovereign bonds benefited from risk aversion.

The Dow Jones fell 2.02% or almost 500 points, to 24,100.51, the weakest mark since May 3 and more than 10% under the record close. Johnson and Johnson was the worst performer, losing 10.18%. The Nasdaq 100 tumbled 2.56% with Costco and Adobe at the bottom of the chart, sliding 8.59% and 7.29%, respectively. The S&P was 1.91% in the hole at 2,599.95 points, a level unseen at closing since April 2 and more than a fifth down from the all-time peak. All three indexes finished just above session lows.

The euro was down 0.55% at 9:59 pm CET, selling for $1.13016 and the pound fell 0.66% to $1.2581. The greenback advanced 0.19% to ¥113.388.

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Breaking the News / IT