US markets accelerated their fall: Dow Jones lost over 1%, gold - over 8%
Investors assess tech giants' reports and Trump's choice to head the Fed
Major U.S. stock indices declined in trading on January 30 / Photo: Shutterstock.com/Krzysztof Stefaniak
U.S. stocks intensified their decline in trading on January 30: the Dow Jones index fell by more than 1%, the Nasdaq index - about the same amount. In particular, Apple shares were cheaper by 1.3% after warning about the threat to profitability. Markets are evaluating Donald Trump's decision to nominate Kevin Warsh as the next chairman of the US Federal Reserve.
Details
- The Dow Jones blue-chip index was down 1.12% at the moment, having lost about 500 points compared to the closing level a day earlier. After that, the Dow slightly slowed down to about 0.9%.
- "Technology" index Nasdaq Composite was losing 1% in the course of trading, but then also recovered some of the losses.
- The S&P 500 broad market index was down 0.8 percent.
- The spot price of gold was down 8.8% to $4900 a troy ounce at the low.
- The cost of silver collapsed by 22.3% - to $89.89. This session could be the worst for the precious metal since 2011, MarketWatch noted.
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