Dow plunges over 300 pts after negative US data

Thursday, 17. September 2020 14:42

The Dow Jones plunged over 300 points on Thursday after United States Census Bureau announced that housing starts in the country dropped by 5.1% to an annual rate of 1,416,000 in August. Meanwhile, even if it was reported that the number of US initial jobless claims went down to 860,000, this still represents a big rise in comparison to the last year.

The Dow Jones dropped 303 points or 1.08% at 8:35 am ET, while the S&P 500 went down by 1.38% at 8:40 am ET. At the same time, the Nasdaq 100 fell 2.14%.

The euro was down 0.12% against the dollar, buying 1.18032 at 8:41 1m ET.

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Breaking the News / TF