01 Aug

The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have expected.

The Dow Jones industrial average fell 317.06 points or 1.88 percent, to 16,563.3, while the S&P 500 lost 39.4 points or 2.0 percent, to 1,930.67 and the Nasdaq Composite dropped 93.13 points or 2.09 percent, to 4,369.77.

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Posted by on August 1, 2014 in update


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