US drops premarket, Dow loses over 300 points

Friday, 18. June 2021 14:22

Major stock indexes in the United States fell in premarket trade on Friday after trading mixed earlier in the day. Markets were in for a volatile day on Thursday after the Fed announced no change in interest rates and initial jobless claims rose more than expected to reach 412,000.

The Dow Jones lost 1.02% or over 300 points at 8:23 am ET. The Nasdaq 100 was down 0.67% at the same time, while the S&P 500 fell by 0.83%.

The euro dropped 0.24% against the dollar at 8:25 am ET, going for 1.18785.

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Breaking the News / DJ