\\Forexpros - U.S. stocks traded sharply lower Wednesday on renewed Greek default fears and
mixed message from the Federal Reserve meeting minutes. Near the close of U.S. trade, the Dow gave back 0.76%, the S&P 500 dropped 0.49% and the Nasdaq Composite fell 0.55%. Risk appetite weakened after a report surfaced that EU officials are trying to delay Greece’s second bailout amid concerns that Greek leaders are not fully committed to implementing the required austerity measures. Without a bailout, Greece faces a default when a EUR14.5 billion bond comes due on March 20.
mixed message from the Federal Reserve meeting minutes. Near the close of U.S. trade, the Dow gave back 0.76%, the S&P 500 dropped 0.49% and the Nasdaq Composite fell 0.55%. Risk appetite weakened after a report surfaced that EU officials are trying to delay Greece’s second bailout amid concerns that Greek leaders are not fully committed to implementing the required austerity measures. Without a bailout, Greece faces a default when a EUR14.5 billion bond comes due on March 20.
No comments:
Post a Comment