U.S. markets follow global trend to go lower
With the Dow Jones industrial average closing at a seven-month low, U. S. markets followed a global trend lower on Monday.
It has been reported that the DJIA wavered up and down through the day but fell into the red to stay around 1:45 p. m. on Wall Street.
Consumer credit in April increased at an annual rate of 0.5 percent, while revolving credit decreased 12 percent on an annual basis and non-revolving credit increased at an annual rate of 7 percent, the Federal Reserve has said.
The DJIA, by close, lost 115.48 points, 1.16 percent, to 9,816.49.
Reaching 1,050.47, the S&P 500 lost 1.35 percent, 14.41 points.
Loosing 2.04 percent, 45.27 points, the Nasdaq went down to 2,173.90.
The 10-year treasury note rose 20/32 to yield 3.137 percent.
From Friday's $1.1966, the euro fell to $1.1915. The dollar, against the yen, fell to 91.35 yen from Friday's 91.69 yen. (With Inputs from Agencies)
