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11-Oct2018
The US markets ended sharply lower on Wednesday, with Dow Jones Industrial falling more than 800 points in one of the worst sell-offs since February, as fresh concern about the impact of the US-China trade war roiled technology and industrial shares. Besides, lingering concerns about the outlook for interest rates following a recent increase in treasury yields too weighted on market sentiments. Treasury yields moved higher on the day following the release of a Labor Department report showing a rebound in producer prices in the month of September.
Meanwhile, the Labor Department said its producer price index for final demand increased by 0.2 percent in September after edging down by 0.1 percent in August. Street had expected prices to rise by 0.2 percent. Excluding decreases in prices for food and energy, core producer prices still rose by 0.2 percent in September after slipping by 0.1 percent in August. The uptick in core prices also matched street estimates. The report also said the annual rate of producer price growth slowed to 2.6 percent in September from 2.8 percent in August, although the annual rate of core producer price growth accelerated to 2.5 percent from 2.3 percent.
Dow Jones Industrial Average dropped 831.83 points or 3.15 percent to 25,598.74, Nasdaq slipped 315.97 points or 4.08 percent to 7,422.05 and S&P 500 was down by 94.66 points or 3.29 percent to 2,785.68.
The US markets ended significantly higher on Friday amid increasing hopes for a US-China trade deal. As per the report, officials from both the US and China will continue trade talks next week in Washington,......
The US markets ended mostly in red on Thursday after a report from the Commerce Department unexpectedly showed a substantial decrease in retail sales in December, increasing the appeal of safe havens like......
Extending their previous session's rally, the US markets ended higher on Wednesday after President Donald Trump said he may let a China trade-deal deadline slide if the two sides were making enough progress.......
V-Mart Retail has opened a new store in the state of Bihar. With this total number of stores remains to 201 Stores in 163 cities across 16 states and total the tally of stores in Bihar to 40.KPI......
V-Mart Retail has opened a new store in the state of Bihar. With this total number of stores remains to 201 Stores in 163 cities across 16 states and total the tally of stores in Bihar to 40.V-Mart Retail......
KPI Global Infrastructure has bagged an order for executing 213.75KW solar power project under 'Captive Power Producer (CPP)' category from Govindam Knit Fab, Surat for which the Letter of Intent (LoI)......