The Dow Jones industrial average fell 73 points to 12,343 shortly after the opening bell Thursday. The S&P 500 index fell 87 points to 1,270, and the Nasdaq fell 5 points to 2,643.
Markets in Britain, Germany and France fell slightly. And stocks in debt-troubled Italy, Greece and Spain fell more than 2 percent each. The euro has dropped to a 15-month low against the dollar.
In the U.S., the Labor Department is reporting another drop in the number of people seeking unemployment benefits. And a monthly hiring report from payroll processor ADP shows the private sector added 325,000 jobs last month.
AUSTRALIAN sharemarket volatility persisted today as jitters over the European sovereign debt crisis and other concerns about the outlook for the global economy prompted a sharp pullback after the market surged to a two-week high yesterday.
Energy, materials and industrials stocks underperformed, with Origin Energy dropping 3.1 per cent and Newcrest Mining declining 1.7 per cent despite gains in crude oil and gold prices overnight.
BHP Billiton sank 1.1 per cent after London Metals Exchange copper prices fell 3.3 per cent, while Transurban slid 2.5 per cent after climbing to a three-year high yesterday.
The benchmark S&P/ASX 200 closed down 1.1 per cent at 4142.7, having hit an intraday low of 4131.7. Trading volume remained light as many market participants remained on holiday.
Tokyo stocks fell 0.54 per cent on Thursday morning, hit by profit taking on the previous day's gain and as the yen continued to rise against the debt-hit euro.
The Nikkei 225 index at the Tokyo Stock Exchange, which soared 1.24 per cent on Wednesday, lost 46.08 points to stand at 8,514.03 by the break. The Topix index of all first-section issues slipped 3.75 points or 0.50 per cent to 739.24. For the latest updates on the stock market, visit Stock Market Today
S&P/ASX 200 closed january 5 2012, will stock market jan 5 2012, Europe's banks jan 5 2012, US stock futures jan 5 2012,Nikkei 225 stock 5 january 2012, European stock market january 5 2012, Dow Jones january 5 2012. For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment