The Dow Jones Industrial Average was down 496.84 points, or 2.09 per cent, at 23,267.94, the S&P 500 was down 52.72 points, or 1.84 per cent, at 2,817.40 (at 9:37 pm IST).
Energy stocks shed 1.9% and were on track for their sixth slide in seven sessions as the front-month May US West Texas Intermediate (WTI) contract plunged more than 50%
The Wall Street trading powerhouse on Wednesday also warned that it expects reduced revenue in its asset and wealth management businesses and a higher rate of client defaults
The banking subsector declined 5.2%, falling for the third straight day
The Dow Jones Industrial Average fell 26.13 points, or 0.12%, to 22,653.86
The Dow Jones Industrial Average rose 181.15 points, or 0.71%, at the open to 25,590.51
Investors who had sought the safety of government bonds, the yen and gold in early trade shifted back from those positions after China reportedly invited U.S. negotiators for talks.
Dow Jones indexes hit fresh record highs, while the Nasdaq was near its all-time level
(Reuters) - The S&P 500 and the Dow Jones Industrial Average were unchanged on Thursday, but still hovered near record levels as a dour forecast from Cisco offset gains in Walmart after its strong outlook.
The Dow Jones Industrial Average rose 10.10 points, or 0.04%, at the open to 27,701.59
(Reuters) - Technology stocks propelled the benchmark S&P 500 index to an all-time high, while the Nasdaq hovered below its record level, as a possible U.S.-China trade deal and rising bets on a third rate cut by the Federal Reserve fueled optimism.
(Reuters) - The S&P and the Dow opened higher on Wednesday, fueled by optimism following progress on U.S. tax legislation and hints of lighter regulation in the banking sector.
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