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December 13, 2017
Thursday, February 18, 2016

Wall Street falls, snapping three-day rally; Wal-Mart weighs

Wall Street closed lower on Thursday, ending a three-day winning streak, as Wal-Mart shares dragged on the market after a lackluster earnings report and oil prices pulled back.

The Dow Jones industrial average fell 40.4 points, or 0.25 percent, to 16,413.43, the S&P 500 lost 8.99 points, or 0.47 percent, to 1,917.83 and the Nasdaq Composite dropped 46.53 points, or 1.03 percent, to 4,487.54.

European equities fell back after climbing to a two-week high on Thursday, as support from gains in tech shares was counteracted by a decline in commodity related stocks in the energy and mining sectors.

The pan-European FTSEurofirst 300 index was 0.1 percent lower at 1,293.92 points by the close, having touched 1,304.97 points earlier in the session - its highest level since February 4.

Japanese stocks rebounded after better-than-expected U.S. economic data and rising oil prices helped burnish global investor sentiment for riskier assets.

The Nikkei share average rose 2.3 percent to 16,196.80, its highest close in a week and a half, shrugging off fresh domestic data showing exports declined the most since October 2009, instead taking cues from recovering oil prices and overnight signs of strength in the United States and Europe.

The broader Topix index gained 2.3 percent to close at 1,311.20 with all but three of its 33 sub-indexes in positive territory. The JPX-Nikkei Index 400 climbed 2.3 percent to 11,850.64.

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Tags:  US  stock market  Europe  Nikkei  





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Edition No. 5055 - This publication is a property of NEFIR S.A. -RNPI Nº 5343955 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA - Director Perdiodístico: Ricardo Daloia