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0 0.000560538116592016 0 -0.00224215246636767 -0.00840807174887884 -0.0101008968609865 -0.00784753363228703 -0.00728699551569501
Stock impact report

U.S. stocks open modestly lower the day after their biggest drop since February [Los Angeles Times (CA)]

Barclays PLC (BCS) 
U.S. stocks open modestly lower the day after their biggest drop since February U.S. stock indexes opened lower Thursday, but it wasn’t with the steep drop feared overnight as Wall Street’s worst rout since February roiled global markets. The Dow Jones industrial average was down about 125 points, or 0.5%, in the first minutes of trading. The Standard & Poor’s 500 index and the Nasdaq composite posted similar losses. Weak inflation data provided a moment of respite overnight, sending the dollar lower and Treasuries higher. S&P 500 futures fell as much as 1.2% overnight, but that drop was all but erased as investors speculated the Federal Reserve won’t be forced to speed up the pace of tightening. Higher interest rates make the short list of reasons for the spike in Treasury yields and concurrent equity sell-off in recent days. Meanwhile, Wednesday’s rout spread around the world, with the worst of the losses in Asia. China’s Shanghai Composite gauge closed down more than 5% and Taiwan’ Show less Read more
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