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Markets right now: Stocks are approaching much lower on Wall Street



Updated


NEW YORK (AP) – The latest on developments in financial markets (all times local):

13:05


Stocks threw Monday, with Dow Jones Industrial Average falls 653 points after President Trump's tweet that attacks the Federal Reserve and its independence.

Dow Jones lost 2.9 percent and the reference S & P500 lost 2.7 percent after the president's tweet expressed frustration over Fed's decision to increase its key figures.

Nasdaq fell 2.2 percent. Bond prices rose. The dividend on the 10-year government bond note fell to 2.74 per cent.

The trading volume was low when the market closed early before Christmas holidays.

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12:25

The Dow Jones Industrial Average fell short more than 500 points after President Trump's tweet criticizes Fed Mayor Jerome Powell.


President Donald Trump knocked out the Federal Reserve Monday after the administration officials spent the weekend trying to secure public and financial markets that Jerome Powell's job as the Fed Mayor was safe.

Dow fell 532 points to an intraday low of 21,912 before recovering a bit.

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12 pm

The shares are heavily lower in midday trading on Wall Street, and are widening market losses after the worst week of more than seven years.

The health and technology stocks took some of the heaviest losses in the broad sales day. Johnson & Johnson fell 4 percent. Microsoft ran 2.7 percent.

The trading volume was easy during a shortened trading session before the Christmas holiday.

Bank shares are among the worst after the newsletter from the finance minister's conversation with CEOs from six major banks has increased investor's concerns.

S & P 500 is down 1.6 percent at 2,378 and the Dow Jones Industrial Average fell 1.7 percent to 22,062. Nasdaq Composite is down 0.9 per cent at 6.275.

Bond prices rose. The yield on a 10-year government bond fell to 2.77 per cent.

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9:35

The shares open lower on Wall Street Monday as important US indices remain on the course for their worst December since the 1930s. Banks' shares are among the worst after the newsletter in the finance secretary's interview with CEOs of six major banks has increased the investor's concerns.

S & P 500 is down 0.5 percent at 2.404 and the Dow Jones Industrial Average is down 0.6 percent at 22.304. Nasdaq Composite is down 0.3 per cent at 6.309.


In French thin half-day trading in Europe, France's CAC 40 is down1.5 percent and Britain's FTSE 100 is down 0.5 percent.

Bond prices rose. The yield on a 10-year government bond fell to 2.77 per cent.



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