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Wall St closed lower overnight as investors continue the sell-off in some big technology names. The Dow Jones fell 1.29%, the S&P500 lost 0.78% and the tech-heavy Nasdaq ended Thursday’s trading session 0.7% lower.
Over in Europe, markets closed lower following the announcement that the European Central Bank will keep interest rates unchanged. The STOXX600 closed 0.16% in the red, its fourth successive day closing lower with technology stocks losing 1.8% where as autos stocks rose 1.23%. Germany’s DAX fell 0.45%, where as the French CAC and the UK’s FTSE100 both gained 0.21%.
Locally yesterday, the ASX200 fell 0.27% with the majority of sectors ending Thursday’s trading session in the red. Losses were led by the information technology sector which lost 3.39%. This was slightly offset by the utilities sector which closed 0.35% higher.
The unemployment rate for June was released yesterday at 4.1%, 0.1% higher than the 4% consensus and forecast.
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