US Close Report 12 OCT 18: US stocks continue to slide in volatile trade

US sharemarkets fell again on Thursday. Analysts indicated that selling was more technical rather than fundamental - that is driven by changes in the economic environment or corporate profits. Energy stocks fell in response to a 3% fall in the oil price. JPMorgan Chase, Citigroup and Wells Fargo all report earnings results on Friday. The Dow Jones fell by 546 points or 2.1% after trading in a 784 point range. The S&P500 index lost 2.1% and the Nasdaq index lost 93 points or 1.3%.   

 

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