US Close 18 Oct 16: Joy from strong corporate results washed out by FED concerns.

US sharemarkets ended lower on Monday on investor caution about forthcoming earnings results. Investors also are increasingly uncertain about the interest rate outlook after Federal Reserve vice-chair Stanley Fischer said it was "not that simple" for the Fed to lift rates. A lower oil price weighed on the energy sector. The Dow Jones index ended lower by 52 points or 0.3% with the S&P 500 index down by 0.3% while the Nasdaq lost 14 points or 0.3%.

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