Selling pressure weighs on global equities as U.S. and European indices close lower
Istanbul, July 24 (Hibya) – Selling pressure intensified across global markets, with many major stock indices, led by those in the United States, ending the day lower. The weakening in investor risk appetite was also reflected in volatility indicators.
Selling pressure intensified across global markets, with many major stock indices, led by those in the United States, ending the day lower. The weakening in investor risk appetite was also reflected in volatility indicators.
In the United States, the Dow Jones Industrial Average fell 0.97 percent to 51,711.65 points, while the S&P 500 Index declined 1.21 percent to 7,408.30 points.
The technology-heavy Nasdaq Composite recorded the sharpest decline of the day, losing 2.15 percent to close at 25,137.69 points.
The Russell 2000 Index, which tracks small-cap companies, fell 0.61 percent to 2,941.95 points. Meanwhile, the S&P 500 VIX Index, a gauge of market volatility, rose 12.38 percent to 18.70, signaling heightened risk perception.
In Europe, Germany's DAX Index declined 1.56 percent to 24,763.12 points.
In North America, Canada's S&P/TSX Index fell 0.82 percent to 35,192.66 points. Among Latin America's leading indices, Brazil's Bovespa Index declined 0.46 percent to 176,724 points, while Mexico's S&P/BMV IPC Index closed 1.54 percent lower at 66,266.01 points.
Meanwhile, the MSCI World Index, which reflects global equity performance, edged down 0.09 percent to 4,778.40 points.
The broad-based sell-off across global markets and the sharp rise in the VIX Index showed that investors had adopted a more cautious stance in the face of uncertainty.
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