NEW YORK 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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With the crucial GDP data scheduled to be announced along with key corporate results, volatility is expected to prevail in the upcoming week. Disappointment on these fronts may push the Nifty down to the 7,200-7,500 range. Once we witness stability and consolidation, investors should increase their exposure, says Ambareesh Baliga. Full article