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US Stock Markets
US markets ended the week in red - Eastern Financiers
Posted On : 2013-12-15 09:42:18( TIMEZONE : IST )
US Markets ended the week in red as investors lightened their position ahead of the crucial Fed meet next week. The Dow Jones Industrial Average ended the week at 15755.36, down 264.84 points or 1.65 percent. While the broad based S&P finished at 1775.32, down 1.65 percent, the tech-rich Nasdaq Index shrugged-off 1.52 percent to end at 4000.97.
European markets also ended lower for the week as assorted economic data coupled with fears of withdrawal of stimulus by Fed kept investors wary. The FTSE-100 emerged as the biggest loser in the region, losing 1.71 percent to conclude trade at 6439.96. While the CAC ended at 4059.71,down 1.69 percent, the Germany's DAX ended at 9006.46, 1.81 percent lower from previous weeks close.
Most Asian Markets ended lower for the week on weak global cues and depreciating currencies. Except the Nikkei & the Taiwan Indices, all other major indices in the region lost between 0.88-2.09 percent.