Major stock Wall Street indices closed in the red zone against the backdrop of falling shares of Oracle (ORCL), which led to a decrease in the technology sector. The focus of investors were shares of Deutsche Bank (DB), which have fallen by more than 9% on news that the US Department of Justice required by the lender to pay $ 14 billion. As a settlement in the case of fraudulent mortgage loans in the period from 2005 to 2007.
In addition, as shown by the preliminary results of the studies submitted by Thomson-Reuters and Institute of Michigan, showed in September the US consumers feel at the same level in relation to the economy, as in the past month. According to the data, in September consumer sentiment index was at 89.8 points. It was predicted that the index was 90.8 points.
Oil prices fell to multi-week lows, as the increase in Iranian exports and the resumption of oil supplies from Libya and Nigeria heightened investors' fears that the global glut will persist. The cost of oil futures for Brent and WTI fell by 9-10% within one week, underscoring the volatility of the oil market. "We've seen a lot of bearish news this week The weak fundamental factors are putting pressure on the market.", - Said Frank Klumpp, an oil analyst at LBBW.
Most DOW components of the index closed in negative territory (23 of 30). Most remaining shares rose Intel Corporation (INTC, + 3.21%). Outsider were shares of United Technologies Corporation (UTX, -2.44%).
Almost all of the S & P registered a decline. The leader turned conglomerates sector (+ 1.7%). financial sector (-0.9%) fell the most.
At the close:
Dow -0.49% 18,123.80 -88.68
Nasdaq -0.10% 5,244.57 -5.12
S & P -0.38% 2,139.16 -8.10
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