Dow Jones index slid on negative headlines from the EU

Note: This section contains information in English only.
Source: Dukascopy Bank SA

US blue chips inched down on Monday amid lingering worries over financial instability in Eurozone. German Ifo business confidence index dropped more-than-expected in September while German and France still cannot agree on when to launch the banking union. Adding to the negative mood of the US blue chips, Spain's economy minister said that the country would not rush to apply for bailout. The Dow Jones Industrial Index edged down 0.15% to end the session at 13,558.92. Only three in nine business sectors included in the index eased up. The best-performers were consumer goods and telecommunications. Wal-Mart Stores and Coca-Cola moved higher by 0.39% and 0.24% while AT&T and Verizon Communications rose 0.45% and 0.09%. At the same time, basic materials and technology sectors created heavy downward pressure on the US blue chips index. Alcoa and EI du Pont de Nemours slid 0.77% and 1.18% amid lower commodity prices. Among technology shares, Cisco Systems and Intel Corp dropped 0.61% and 1.51%.

 

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