U.S. Stocks Decline as Investors Shun Risk Before Fed, BOJ Meet
Monday, 13 June 2016 23:31 WIB |
MARKET UPDATE |S & P 500 Standard & Poor's 500Saham AS
U.S. stocks slipped, after the S&P 500 Index’s steepest loss in three weeks, as investors wavered amid concern over a pair of coming central-bank events and Britain’s vote on European Union membership that have sowed anxiety.
The S&P 500 fell 0.4 percent to 2,087.86 at 11:55 a.m. in New York, on track for a third straight decline, the longest in a month. The gauge on Friday fell below 2,100 for the first time in a week, a level where other rallies in the past year have faltered. The Dow Jones Industrial Average lost 63.11 points, or 0.4 percent, to 17,802.23. The Nasdaq Composite Index declined 0.7 percent. Trading volume in S&P 500 shares was 5 percent below the 30-day average for this time of day.
Recent declines have signaled a shift in sentiment after as much as $3.3 trillion was added to equities since mid-February. Investors are reassessing the rally amid lackluster economic growth and concerns about the potential fallout from a June 23 referendum that will determine Britain’s membership in the European Union.