In addition to the situation with the American regulator, the investor sentiment was affected by data from China, according to which the trade surplus of the country in October amounted to 61.4 billion against the expected $ 62 billion.
MOSCOW, 10 Nov. U.S. stock indexes at the end of trading Monday and has lost about 1% on the background of expectations of investors first since 2006 base rate increase by the fed in December, according to data exchanges.
The Dow Jones industrial average dropped 1% to 17730,48 item; high-tech NASDAQ — on 1,01%, to 5095,30 item; the index of wide market S&P 500 by 0.98% to 2078,58 item.
An additional argument in favor of a rate hike next month was posted on Friday statistics on the US labor market, according to which the level of unemployment in the country in October amounted to 5%, and the number of jobs in non-agricultural industries increased by 271 thousand. Analysts had expected the unemployment rate to reach 5.1%, and the number of jobs will grow by only 184 thousand.
“This short-sighted short-term concerns about the fed raising rates,” said senior Executive Director of Longbow Asset Management Jake Dollarhide Reuters.
In addition, the data disappointed investors from China, according to which the trade surplus of the country in October amounted to 61.4 billion dollars, while analysts expected its value at $ 62 billion. The volume of exports fell in the reporting month by 6.9% in annual terms, while the experts waited for reduction of only 3.3%. The volume of imports fell by 18.8%, which also surpassed analysts expected a decline of 15.2%.