Investing.com - Investing.com -- Stocks on the U.S. equities markets experienced one of their sharpest daily losses of the year, as a rapidly strengthening U.S. dollar triggered massive sell-offs across the markets.
Stocks on the Dow Jones Industrial Average have dropped more than 400 points over the last three trading days, erasing all of its previous gains for 2015. Stocks on the NASDAQ Composite index and S&P 500 Composite index also closed lower for the day, amid heightened expectations for tightening monetary policy.
The Dow Jones Industrial Average fell 1.85% or 332.78 on Tuesday to 17,662.94, as the U.S. Dollar Index reached its highest level in a dozen years.
The S&P 500 Composite index, meanwhile, lost 35.27 points to also erase all of its gains for the year. Of the 10 sectors on the S&P 500, only one, the services sector closed higher on Tuesday. Stocks in the consumer goods, conglomerates and industrial goods sector lagged, as the S&P 500 fell 1.70% on the day.
On the 15th year anniversary of its all-time record high, the NASDAQ continued to retreat from the 5,000 level. The NASDAQ fell 1.67% or 82.64 on Tuesday to close at 4,859.80.
EI du Pont de Nemours and Company (NYSE:DD) was the top gainer on the Dow on Tuesday, edging up 0.20 or 0.25% to 78.77. DuPont was also the only stock on the Dow to close higher. One day after closing as the biggest gainer on the Dow, United Technologies Corporation (NYSE:UTX), finished as Tuesday's worst performer after falling 3.55% or 4.32 to 117.43.
Apple Inc (NASDAQ:AAPL), meanwhile, dropped 2.07% or 2.63 to 124.51 one day after its highly-publicized launch of the iWatch,. The broad sell-off in Apple stock contributed to a nearly 10-point loss on the NASDAQ.
The top performer on the S&P 500 was retailer Urban Outfitters Inc. (NASDAQ:URBN), which gained 4.51 or 11.41% to 44.02 after recent sales exceeded forecasts by approximately 6%. The worst performer was Avon Products Inc (NYSE:AVP) which dropped 6.11% or 0.55 to 8.45.
The biggest performer on the NASDAQ was NVIDIA Corporation (NASDAQ:NVDA), which rose 0.4 or 1.77% to 23.01 after receiving an upgrade from Bank of America Corporation (NYSE:BAC). The worst performer, meanwhile, was Seagate Technology (NASDAQ:STX), which dropped 4.48% or 2.55 to 54.4, one day after the Ireland-based provider of electronic data storage products announced a multi-year partnership with Micron Technology Inc (NASDAQ:MU) to jointly develop flash-based storage.
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com apps for Android and iOS!
Anda sedang membaca artikel tentang
Stocks on the Dow fall more than 300 points amid stronger U.S. Dollar
Dengan url
http://efektifkesehatan.blogspot.com/2015/03/stocks-on-dow-fall-more-than-300-points.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Stocks on the Dow fall more than 300 points amid stronger U.S. Dollar
namun jangan lupa untuk meletakkan link
Stocks on the Dow fall more than 300 points amid stronger U.S. Dollar
sebagai sumbernya
0 komentar:
Posting Komentar