Dow drops more than 200 points as Apple and Microsoft lead tech lower; European stocks close lower as markets react to central bank announcements; BELEX15 lost light 0.15%; Annual inflation epxcted in arnage of 1.5-2.1%
Stocks fell in volatile trading on Thursday amid renewed pressure in shares of the major tech companies. Conflicting messaging on the coronavirus vaccine front and uncertainty around further stimulus also weighed on sentiment. The Dow Jones Industrial Average slid 282 points, or about 1%. The S&P 500 dropped 1.5%. The Nasdaq Composite fell 2% and dipped into correction territory, down 10% from its all-time high.
In economic news, the latest U.S. weekly jobless claims came in slightly better than expected. First-time claims for unemployment insurance totaled 860,000 in the week ending Sept.12, versus an estimate of 875,000, according to economists polled by Dow Jones.
European stocks retreated Thursday as investors around the world reacted to a host of central bank meetings in recent days. The pan-European Stoxx 600 dropped 0.4% by the close, banks falling 1.5% to lead losses as almost all sectors and major bourses slid into the red.
IG Group shares jumped more than 6% after the online trading platform recorded a spike in revenues for the first quarter of fiscal year 2021.
BELEX15 was down 0.15% as Energoprojket lost 5%. The most active was Metalac, with RSD 1m in volume, whiel NIS genefated RSD 0.5m. No major evenst we saw, while indices fremained trendless.
The lateste NBS inflatin survey shows taht annual infltaionin Srebiua is epxcted in arange of 1.5-2.1%, while on a mid-term horizon expctexd raeg is simnilar 1.5-2.4%.
Source: CNBC, Ilirika