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New York Stocks Close: Heavy Losses – Fed Frustration Lingers | news

NEW YORK (dpa-AFX) – The announcement of a surprisingly restrictive future US monetary policy also weighed on the New York stock exchanges on Thursday. The main Dow Jones Industrial index lost 2.25% to 33,202.22 points, which intensified the downward momentum. In the course of trading, it just missed the 33,000 mark it last traded below about five weeks ago.

The other major stock indexes also accelerated their weak development compared to the previous day: the market-wide S&P 500 waved 2.49% lower to 3895.75 points. The Nasdaq 100 pick index, which contains many stocks particularly sensitive to technology sector interests, eventually fell 3.37% to 11,345.22 points. A slew of rather weak US economic data had no discernible influence on prices. However, according to market observer Andreas Lipkow, they point to a significant economic slowdown in the world’s largest economy

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