Friday, 31 August 2012
The US accelerate their losses in the final minutes of trading to close near session lows, with the S&P 500 closing just below the key 1,400 level, a day ahead of the Fed’s Jackson Hole meeting and following reports that Spain may delay its decision on seeking a bailout.
Dow Jones Industrial Average fell 0.81% or 106.77 points at 13000.71. Nasdaq Composite slipped 1.05% or 32.48 points at 3048.71. Standard & Poor’s 500 shed 0.78% or 11.01 points at 1399.48.