You are here

US: Wall St traders dump Boeing, bank stocks

Friday, February 12, 2016 - 07:06

boeing.jpg

[NEW YORK] Wall Street traders dumped stocks of major banks and airplane manufacturer Boeing Thursday as the global markets selloff persisted.

But the US markets finished well off their lows, having given up more than two per cent at one point during the day.

At the closing bell the Dow Jones Industrial Average was off 1.29 per cent and the S&P 500 down 1.23 per cent.

The Nasdaq Composite meanwhile gave up just 0.4 per cent.

Boeing shares lost 6.8 per cent on news the company was under investigation over accounting maneuvers that might have exaggerated its profitability outlook.

AFP

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom