S&P 500 demonstrated fifth day of losses

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S&P 500 demonstrated fifth day of losses

November 15, 2018 - 09:02
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US equities fell on Wednesday, while index S&P 500 demonstrated fifth day of losses, Reuters reports. Financial sector was hit the most, as there are concerns that banking regulation will be tightened under pressure of Democratic Party.

Photo © Markus Spiske, CC0 1.0

US equities fell on Wednesday, while index S&P 500 demonstrated fifth day of losses, Reuters reports.

Financial sector was hit the most, as there are concerns that banking regulation will be tightened under pressure of Democratic Party, which is unsatisfied with lower capital and liquidity requirements.

As a result, financial sector lost 1,4%. Banks index of S&P 500 fell by 1,7%.

Short growth period was observed at the markets yesterday after Theresa May received support of her Brexit plan from the government. The market also started recovering after oil prices slightly grew. However, concern about future growth and demand came out on top again.

IT stocks continue sliding. Apple shares fell by 2,7% and already 20% lower than the last record high level.

Dow Jones Industrial Average lost 0,81% to level 25080,5, S&P 500 fell by 0,76% to 2701,58, while Nasdaq dropped 0,9% to 7136,39.

PG&E Corp stocks lost 21,8%.