Major U.S. stock-indexes fell on Thursday after data showed U.S. nonfarm productivity fell sharply and investors digested the International Monetary Fund's comment urging the Federal Reserve to delay a rate hike. Wall Street was pressured earlier in the day due to a persistent selloff in the global bond market after the ECB said that investors should get used to volatility in the market. The selloff, however, eased by mid-morning with U.S. long-term Treasury debt yields falling from eight-month peaks. The IMF said the Fed should not raise rates until there are clear signs of a pickup in wages and inflation.
Most of Dow stocks in negative area (28 of 30). Top looser - E. I. du Pont de Nemours and Company (FDD, -1.78%). Top gainer - The Goldman Sachs Group, Inc. (GS, +0.44%).
All S&P index sectors in negative area. Top looser - Basic Materials (-1.3%).
At the moment:
Dow 17938.00 -158.00 -0.87%
S&P 500 2099.50 -16.50 -0.78%
Nasdaq 100 4497.25 -30.25 -0.67%
10-year yield 2.34% -0.02
Oil 58.19 -1.45 -2.43%
Gold 1174.10 -10.80 -0.91%