New York (Archyde.com)
The Standard & Poor’s 500 index fell below 3,900 points at the start of trading on Wall Street yesterday, breaking a level that traders consider important, following a profit alert from FedEx Shipping Services alarmed investors and increased their concerns related to an interest rate hike.
Wall Street indices recorded their lowest level in two months, as the Standard & Poor’s 500 fell by 20.40 points, or 0.52 percent, to 3880.95 points. The Dow Jones Industrial Average fell 95.21 points, or 0.31 percent, at the open to 30,866.61 points.
The Nasdaq Composite Index fell 151.15 points, or 1.31 percent, to 11,401.21 points at the open.
