User ID:    Password:    Login | IP Login  |  Subscribe Now  |  Reset  |  Setting  |   Forgot Password    |  Chinalawinfo  | Lawinfochina
北大法宝 > > Legal News>Text
News under Same Subject
  Last 3 days
  Last 14 days
  Last 90 days
法律法规 司法案例 法学期刊 律所实务 专题参考 English 法宝视频
 U.S. stocks extend losses amid data, rates
Category:International Legal News  
Subject:System reform   ; Finance   ; Securities   ; People and society  
Publish Date:10-12-2018

NEW YORK, Oct. 11 (Xinhua) -- U.S. stocks extended deep losses in volatile trading on Thursday, a day after three major indices plunged more than 3 percent amid fears for rising interest rates and a sell-off in tech shares.
The Dow Jones Industrial Average fell 545.91 points, or 2.13 percent, to 25,052.83. The S&P 500 was down 57.31 points, or 2.06 percent, to 2,728.37. The Nasdaq Composite Index was down 92.99 points, or 1.25 percent, to 7,329.06.
The consumer price index (CPI) rose 0.1 percent in September, well below the expected gain of 0.2 percent, according to the Labor Department on Thursday.
The index for all items less food and energy, or the core-CPI, rose 0.1 percent in September, the same increase as in August.
The weaker-than-expected report was part of the reason why U.S. Treasury yields edged down. The benchmark 10-year Treasury note yield traded at 3.18 percent in early trading, down from 7-year high of 3.26 percent on Tuesday.
Investors have been grappling with rising rates for about a week amid robust economic data and signs of inflation.
The unemployment rate declined to 3.7 percent in September, lowest in 49 years, according to the Labor Department on Friday.
Average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents to 27.24 U.S. dollars. Over the year, average hourly earnings have increased by 73 cents, or 2.8 percent.
The report reinforced the view that the labor market is near full employment and wages have risen.
Fed Chair Jerome Powell said last week that the U.S. central bank had a long way to go before interest rates hit neutral, indicating that more hikes could be on the horizon.
The rise in yields has stoked fears that rising borrowing costs could slow down the economy and affect future monetary policy.
In the meantime, investors expect the upcoming earnings season could lift the market up.

Products Services Subscription & Payment FAQ & Tips Contact Us 中文介绍
English Database   Services for English Database   Subscription Guide   FAQ   +86 (10) 8268-9699   产品与服务
Laws & Regulations Database (CHIN) Services for Chinese Database Subscription Options and Pricing Search Tips +86 (10) 8266-8266 ext. 153 产品咨询
Judicial Cases (CHIN) Customer Service Payment Guide Lawinfochina Weekly Mobile: +86 133-1157-0712 购买指南
Law Journals Database (CHIN)     Copyright and Licensing 常见问题答疑
Home | About us | Disclaimer | Chinese
版权所有© 北大英华科技有限公司   北京大学法制信息中心    京ICP证010230号  京公网安备11010802015677
© 2019 Chinalawinfo Co., Ltd. All Rights Reserved Peking University Center for Legal Information    电话:86-10-82668266   400-810-8266    传真:86-10-82668268
上海办事处:86-21-63548401/02        广东办事处:86-20-86307800        江苏:025-58057108