New york: Yesterday, a decline was observed in the US and European stock markets, APA-Economics reports. On July 15, the main indices in the US stock markets closed with a decline. The Dow Jones index decreased by 0.98% to 44,023.29 points, and the S and P 500 index decreased by 0.40% to 6,243.76 points. The NYSE Composite index decreased by 1.01% to 20,374.38 points. The S and P/TSX Composite index decreased by 0.53% to 27,054.14 points. The only increase was recorded in the Nasdaq Composite index, which rose by 0.18% to 20,677.80 points.
According to Azeri-Press News Agency, European stock markets also experienced declines. The Euro Stoxx 50 index fell 0.31% to 5,354.17 points, the FTSE 100 index fell 0.66% to 8,938.32 points, the DAX index fell 0.42% to 24,060.29 points, and the CAC 40 index decreased by 0.54% to 7,766.21 points. Spain’s IBEX 35 index recorded the largest loss of the day, dropping 1.15% to 13,874.70 points.
In world markets, the euro saw a rise of 0.15% to $1.1618 against the dollar. Analysts attribute the market decline to expectations of a slowdown in economic growth in the United States, a flattening of the yield curve, and concerns about the earnings forecasts of large technology companies. Additionally, uncertainty regarding inflation indicators and interest rate policy in European markets is contributing to a weakened investor risk appetite.