“Small companies are underperforming really back and I think that’s the problem here. Difference between Russell and S & amp; P 500 increases and it seems certain that a worrying sign,” said JC O’Hara, at FBN Securities, told Bloomberg News.
The Dow Jones industrial average closed 0.6 percent lower on the index level of 17,173, while the S & amp; P 500 lost 0.8 percent to 1,994. Technology Frequent Nasdaq Composite fell 1.1 percent to 4.527. Russell 2000 index, which contains less shares, dropped 1.5 percent.
Turnover was 660 million shares on the New York Stock Exchange and 1.9 billion on the Nasdaq.
China Finance Lou Jiwei said his government will not make any major policy changes based on changes in individual macro indicators, although growth is facing downward pressure. The comments were interpreted as that it is not up to date with new stimuli.
In the American data front decreased sales of existing homes in the United States by 1.8 percent in August, at an estimated annual rate of 5.05 million units. Analysts had expected a rise of 1.0 percent, according to the Bloomberg survey.
Regarding central bank news said William Dudley, Fed chief in New York, in a speech that the Fed keeps an eye out for signs of asset price bubbles and that financial stability is crucial for an effective monetary policy.
Exchange front had internet related stocks a tough day. Alibaba, which rose 38 percent during Friday’s record IPO, fell 4.3 percent.
Yahoo, which is a major shareholder in Alibaba, dropped 5.6 percent since Sanford C. Bernstein reduced its recommendation on the stock.
Google and Facebook fell around 1.4 percent.
Chemical Company, Sigma-Aldrich rushed 33 percent after the German Merck KGaA acquired the company for $ 17 billion.
Apple announced that over 10 million units thus during the debut weekend for the new iPhone 6 and iPhone 6 Plus. This exceeded thus the introduction of last year’s 5S and 5C, which amounted to 9 million units.
Apple stock market closed 0.1 percent higher.
Tesla fell 3.6 percent to 250 dollars, after JP Morgan set his price target for the electric car manufacturer to 190 dollars.
The Dow Jones Industrial Average was recovered conglomerate United Technologies and Caterpillar machine in the bottom of minus 1.8 and 1.6 percent. Strongest against the stream was Procter & amp; Gamble and Coca-Cola, both of which advanced 0.4 percent.
On the bond market, the interest rate on an American ten-year Treasury bond down 2 basis points at 2.55 percent.
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