New york: On August 1, a serious decline was observed in the indices of the US and European stock markets, APA-Economics reports. In the US, the Dow Jones index decreased by 542.40 points or 1.23% to 43,588.58 points, the S and P 500 index decreased by 101.38 points or 1.60% to 6,238.01 points, and the Nasdaq Composite index decreased by 472.32 points or 2.24% to 20,550.13 points. Additionally, the NYSE Composite index decreased by 190.75 points or 0.93% to 20,267.69 points, and the S and P/TSX Composite index decreased by 239.35 points or 0.88% to 27,020.43 points.
According to Azeri-Press News Agency, the downward trend in European markets also continued. The Euro Stoxx 50 index fell 154.32 points, or 2.90%, to 5,165.60 points, the FTSE 100 index fell 64.23 points, or 0.70%, to 9,068.58 points, and the DAX index fell 639.50 points, or 2.66%, to 23,425.97 points. Meanwhile, the CAC 40 index fell 225.81 points, or 2.91%, to 7,546.16 points, and the IBEX 35 index fell 270.30 points, or 1.88%, to 14,126.70 poi
nts.
Analysts note that, overall, investors’ move away from risky assets, concerns about a possible interest rate hike in the US, and an economic slowdown in Europe have accelerated the decline in stock markets.