Wall Street falls on global growth worries

Stocks on Wall Street were down for a third day on weak economic signals from the eurozone and fresh concerns from China about slowing global growth.

The eurozone’s preliminary composite purchasing managers' index fell to a three-month low of 48.7 in March, from 49.3 in February, compared with expectations of a slight increase.

A preliminary reading of HSBC's purchasing managers' index for China fell to a four-month low.

The Dow Jones Industrial Average declined 78.48 points, or 0.6%, to finish at 13,046.14.

The S&P 500 index shed 0.7% to 1392.78. with FedEx falling 3.5% after delivering a disappointing earnings outlook and cutting its economic growth forecast.

The Nasdaq Composite slid 0.4% to 3063.32.

European markets were in broad decline, with the Stoxx Europe 600 down 1.2% at 265.49.

The UK's FTSE 100 index fell 0.8% to 5845.65, Germany's DAX closed down 1.3% at 6981.26, and France's CAC-40 index slid 1.6% at 3472.46.

In Asia, China's Shanghai Composite eased 0.1% to 2375.77 and Korea's Kospi shed 0.1% to 2026.12.

Hong Kong's Hang Seng Index snapped a four-session losing streak to gain 0.2% to 20901.56.

India's Sensex index slid 2.3% to 17196.47, its lowest close in more than two weeks.

Japan's Nikkei Stock Average firmed 0.4% to 10,127.08, while Australia's S&P/ASX 200 index added 0.5% to 4273.70.

Crude-oil futures dropped 2.4% to $US104.68 a barrel, while gold futures declined 0.8% to $US1637 an ounce.

The US dollar lost ground versus the yen but strengthened against the euro.
 


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6637 0.0026 0.39%
AUD 0.9357 -0.0013 -0.14%
EUR 0.5956 0.0020 0.34%
GBP 0.4575 0.0013 0.28%
HKD 5.1708 0.0097 0.19%
JPY 77.6330 0.2890 0.37%

Commods

Commodity Price Change Time
Gold Index 1157.7 17.750 2016-02-05T00:
Oil Brent 34.8 1.070 2016-02-05T00:
Oil Nymex 30.8 -0.810 2016-02-05T00:
Silver Index 14.8 -0.070 2016-02-05T00:

Indices

Symbol Open High Last %
NZX 50 6137.7 6153.8 6137.7 0.26%
NASDAQ 4491.5 4493.2 4509.6 -3.25%
DAX 9375.3 9469.7 9393.4 -1.14%
DJI 16418.0 16423.6 16416.6 -1.29%
FTSE 5898.8 5945.9 5898.8 -0.86%
HKSE 19287.4 19397.9 19183.1 0.55%
NI225 16790.5 16893.1 17045.0 -1.32%