S&P 500 stalls amid caution on Wall Street ahead of Powell; European stocks close lower ahead of Fed summit
The three major U.S. indexes closed Thursday’s regular trading session lower. The Dow snapped a four-day win streak while the S&P 500 and the Nasdaq Composite both broke five-day win streaks.
The Dow lost 192.38 points, or 0.5%. The S&P 500 slid 0.6% and the Nasdaq Composite fell 0.6%.
Market participants monitored new developments in Afghanistan, which appeared to weigh on investor sentiment. The Pentagon on Thursday confirmed that explosions near Hamid Karzai International Airport in Afghanistan killed 12 U.S. service members and wounded 15.
Salesforce (NYSE:CRM) was in the spotlight, rising more than 2% after delivering an upbeat outlook on annual performance following quarterly results that topped wall street estimates.
The pan-European Stoxx 600 provisionally ended the session down by 0.3%, with basic resources shedding 1.5% to lead losses while media stocks added 0.5%.
In terms of individual share price movement, French media conglomerate Vivendi climbed 2.6% after Universal Music projected strong revenue growth and dividend payouts after its public listing.
Source: CNBC, Investing.com