Egypt's electricity minister, Copelouzos Group discuss progress on Egypt–Greece power interconnection    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Prime Developments, Osoul for Tourism Development launch EGP 1.25bn CLAN project in Hurghada    Egypt's FM discusses Gaza, bilateral ties in calls with Saudi, South African counterparts    Total financing by FRA-regulated entities hits EGP 640.1bn in June 2025    Egypt aims to restore gas output, reach self-sufficiency by 2027: PM    EGP climbs vs USD in Wed.'s trading close    Egypt, Saudi Arabia reject Israeli plan to occupy Gaza    Egypt prepares to tackle seasonal air pollution in Nile Delta    27 Western countries issue joint call for unimpeded aid access to Gaza    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Australia to recognise Palestinian state in September, New Zealand to decide    Egypt, Huawei explore healthcare digital transformation cooperation    Global matcha market to surpass $7bn by 2030: Nutrition expert    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Oil rises on Wednesday    Egypt, Uganda strengthen water cooperation, address Nile governance    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Egypt, Malawi explore pharmaceutical cooperation, export opportunities    Korean Cultural Centre in Cairo launches folk painting workshop    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Wall Street ends Lower, Dow slips into Loss for 2015
Published in Amwal Al Ghad on 09 - 06 - 2015

U.S. stocks ended lower on Monday as investors worried about Greece and mulled the prospect of the Federal Reserve raising interest rates as early as September.
With investors growing more nervous about the timing of the Fed's first rate hike in nearly a decade, the Dow dipped into negative territory for 2015.
Stronger-than-expected May jobs data released on Friday prompted expectations of a Fed rate hike in September, sooner than some expected.
"The May jobs number is pointing in the direction of a more likely interest-rate hike. The market is cringing at that idea," said Frank Davis, director of sales and trading at LEK Securities in New York.
Also weighing on U.S. investors, officials from Greece and the European Union met on Monday but there was little indication of progress to head off a potential Greek debt default when the country's bailout program expires at the end of June.
"The news flow continues to revolve around Greece," said Alan Gayle, senior investment strategist and director of asset allocation at RidgeWorth Investments in Atlanta. "We're of the opinion that a successful resolution to the Greek problem remains a coin toss."
The dollar retreated after a report – later denied – that President Barack Obama had expressed concern over its strength after a year-long rally.
The Dow Jones industrial average .DJI fell 82.91 points, or 0.46 percent, to end at 17,766.55. The S&P 500 .SPX lost 13.55 points, or 0.65 percent, to 2,079.28 and the Nasdaq Composite .IXIC dropped 46.83 points, or 0.92 percent, to 5,021.63.
Nine of the 10 major S&P sectors were lower, with the technology index's .SPLRCT 1.2 percent drop leading the losses.
With Monday's losses, the Dow is down 0.32 percent in 2015, while the S&P 500 is up a modest 0.99 percent and the Nasdaq is 6.02 percent higher.
Atmel Corp (ATML.O) jumped 3.56 percent after Reuters reported the chipmaker is exploring strategic alternatives including a possible sale.
Apple (AAPL.O) weighed most on the Nasdaq Composite and the S&P 500. It was down 0.66 percent to $127.80 after the iPhone maker unveiled a new music service.
Airlines stocks .DJUSAR fell 4.34 percent, with JetBlue (JBLU.O) slumping 7.22 percent. Qatar Airways asked the industry's largest trade group to address protectionism, hitting back against U.S. airlines campaigning to restrict competition from Gulf carriers.
Tesla (TSLA.O) rose 2.87 percent after plans for its Gigafactory got a boost from Panasonic's (6752.T) move to start sending its employees to the plant, with manufacturing expected to begin next year.
Declining issues outnumbered advancing ones on the NYSE by 2,153 to 884, for a 2.44-to-1 ratio on the downside; on the Nasdaq, 1,785 issues fell and 1,004 advanced for a 1.78-to-1 ratio favoring decliners.
The S&P 500 posted 9 new 52-week highs and 9 new lows; the Nasdaq Composite recorded 131 new highs and 28 new lows.
About 5.5 billion shares changed hands on U.S. exchanges, below the 6.1 billion daily average so far in June, according to BATS Global Markets.
Source: Reuters


Clic here to read the story from its source.