Back
15 Jan 2015
Swiss Franc, Oil and banks pushed US stocks down
FXStreet (San Francisco) - US stocks closed negative for the fifth day as investors reacted negatively to the SNB decision to remove the EUR/CHF peg at 1.20, as well as more oil declines and banks' earnings reports.
According to CNBC: 'markets solidly lower' on Thursday. Most sectors finished Thursday down for the day. Utilities (+0.46%), Telecomm (+0.29%), and Material (+0.28%) were the leaders; while Consumer Discretionary (-1.24%), Technology (-1.0%) an Energy shares (-0.64%) were the laggards.
The Dow Jones fell 0.61% on the day to close at 17,320.71; the S&P 500 lost the 2,000 level and finished at 1,992.67 after declining 0.92%; the Nasdaq Composite dropped 1.48% to 4,570.82; while the small caps in the figure of the Russell 2000 collapsed 1.90% to 1,154.71.
Bank of America $BAC and Citigroup $C reported weak quarterly earning report. Twitter $TWTR collapsed over 7% after retracing last week gains. Apple $AAPL also performed 2.61% negative on the day.
According to CNBC: 'markets solidly lower' on Thursday. Most sectors finished Thursday down for the day. Utilities (+0.46%), Telecomm (+0.29%), and Material (+0.28%) were the leaders; while Consumer Discretionary (-1.24%), Technology (-1.0%) an Energy shares (-0.64%) were the laggards.
The Dow Jones fell 0.61% on the day to close at 17,320.71; the S&P 500 lost the 2,000 level and finished at 1,992.67 after declining 0.92%; the Nasdaq Composite dropped 1.48% to 4,570.82; while the small caps in the figure of the Russell 2000 collapsed 1.90% to 1,154.71.
Bank of America $BAC and Citigroup $C reported weak quarterly earning report. Twitter $TWTR collapsed over 7% after retracing last week gains. Apple $AAPL also performed 2.61% negative on the day.