*(Via WSJ) – On Wall Street, U.S. stocks fell sharply, capping the biggest weekly decline since September 2011 for the Dow industrials, after a two-day selloff in global equity and currency markets prompted investors to flee risky assets.
The Dow Jones Industrial Average fell 318.24 points, or 1.96%.
Traders said that despite the scope of the declines, fund managers weren’t overly urgent in their selling.
Traders pointed instead to short-term players selling baskets of stocks, such as index futures or exchange-traded funds, as a way to protect against losses elsewhere in their portfolios.
Buyers, meanwhile, pulled to the sidelines, content to wait before putting money to work.
Read the WHOLE story at Wall Street Journal.
Want to read more articles like this one? Subscribe to EURnewsletter.
Got A News Tip or Video You Want to Share? Contact us HERE.
- Rapper Troy Ave Pleads Not Guilty in T.I. Concert Shooting
- Jack Hanna Agrees '1,000 Percent' with Killing of Gorilla Harambe (Watch)
- Prince Sets Billboard 200 Record More Than a Month After Death
- Damon Dash’s Son "Boogie" Arrested for DUI
- The Socialist's Journal/ The Prodigy: Esther Okade Taking College Courses at 11?!
- Robertson Treatment Syndicated Column (RTSC): PRINCE IN CINEMA - Remembered by the AAFCA
- Parents of 4-Yr-Old who Fell in Gorilla Enclosure Catching Hell on Social Media
- Newlywed Needs: Best Investment Purchases for the Recently Wed
- Rinkins Report: Financial Expert Shares Insights He Used to Overcome $250k Debt on Reality Series
- THE (05-31-16) EURweb Free-4-All Page
- Discover More Stories on EURweb: Click Here