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Dow falls 135 points, after US drop Megabomb
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Wind22i
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14-Apr-2017 08:17
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Traders work on the floor of the New York Stock Exchange. Stocks fell on Thursday after the U.S. dropped "the mother of all bombs" in Afghanistan while bank stocks dropped despite strong earnings from JPMorgan Chase and Citigroup. The U.S. used GBU-43 bomb on a cave complex believed to have ISIS fighters, according to the Associated Press. The bomb had ever been used in combat, according to Adam Stump, the Pentagon spokesman. Stocks extended losses shortly after news of the bombing broke. The Dow Jones industrial average closed about 135 points lower, at session lows, with Chevron contributing the most losses. The S&P 500 fell 0.68 percent, with energy and financials leading decliners. The Nasdaq composite dropped 0.5 percent. |
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