The Dow fell sharply in the US equity market, down about $506, while the Nasdaq also declined. This is an overview of major market movements and foreign exchange and interest rate trends on the morning of the 7th.
In the US equity market, the Dow Jones Industrial Average fell sharply, ending down about $506. The Nasdaq Composite also declined, as selling was evident across US equities.
In the foreign exchange market, the dollar remained sluggish in New York, while movements in the yen and crude oil prices are believed to have affected market sentiment.
Minutes of the Federal Reserve Board indicated that most officials anticipated an additional rate hike this year, drawing market attention as a factor that could affect the outlook for monetary policy.
A summary of European market movements and other market news was also provided. With a broadly persistent risk-off mood, investors continue to watch the performance of each indicator.