Dow down nearly 400 pts on interest rate projections

Thursday, 17. June 2021 18:27

The Dow Jones Industrial Average declined 397 points on Thursday's trading session after the latest projection on interest rate hikes by the Federal Reserve. The index compensated for the drop slightly at 10:29 am ET for a decline of 1.10% or 372 points, as Dow Inc. fell 4.12% at the same time.

On the other hand, the Nasdaq 100 increased 0.64% at 10:30 am ET, bolstered by chip companies with NVIDIA Corp rising 4.24% at the same time. The S&P 500 was down 0.57% at 10:32 am ET, as Occidental Petroleum Corp. plummeted 7.99%.

The euro decreased 0.83% against the dollar trading for $1.18962 at 10:33 am ET.

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