Wall St extends losses; Nasdaq off 1 pct
NEW YORK (Reuters) - U.S. stocks fell further on Thursday, with the Nasdaq falling 1 percent, as a sharp drop in the euro against the safe-haven dollar and yen curbed investors' appetite for risky assets.
The Dow Jones industrial average was down 119.84 points, or 0.86 percent, at 13,866.68. The Standard & Poor's 500 Index was down 12.31 points, or 0.81 percent, at 1,499.81. The Nasdaq Composite Index was down 30.76 points, or 0.97 percent, at 3,137.72.
(Reporting By Angela Moon; Editing by Kenneth Barry)
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The Nifty will stay in a broad band of 7,800-8,200 with an immediate resistance at around 8,050 levels. One should look to selectively accumulate in sectors such as infrastructure, capital goods, cement, power and metals. The outperforming sectors such as pharma, IT and auto ancillaries could take a breather due to international headwinds, writes Ambareesh Baliga. Full Article
Euro zone risks "relapse into recession" without structural reforms - Draghi. Full Article