The Dow Jones Industrial Average finished 198.67 points lower, or 1.63%, at 11,997.70 after a relatively muted start stocks fell throughout the session. The S&P500 dropped 26.66 points, or 2.11%, to 1234.35, while the Nasdaq fell 52.83 points or 1.99%.
The Volatility index, which is the best measure of fear in the market, closed above 30, while all 10 sectors of the S&P500 were down.
The EURUSD fell the most in three weeks against the yen and slumped versus the dollar after European Central Bank President Mario Draghi said he didn’t signal stepping up bond purchases to spur growth. The Euro dropped 0.6% to $1.3336.
WTI Oil fell for a second straight day to settle at $98 a barrel on Thursday as a cut in interest rates by the European Central Bank and a drop in U.S. jobless benefit claims failed to improve investors’ appetite for risk. January Futures were down 2.1% at $98.34, after falling to a session low of $98.27, cheapest since Nov. 29.
Gold prices fell around 2% to settle at $1,713 on Thursday, its biggest one-day drop in nearly three weeks, after the European Central Bank dashed hopes of more-dramatic action to fight the region’s debt crisis
INDICES
Last Traded
SPI 200 future 4216
S&P500 Index 1234.35
Dow Jones 11997.70
FTSE 100 Index 5483.77
COMMODITIES
Last Traded
Gold 1712.20
Oil (Nymex) 98.01
CURRENCIES
Last Traded
AUDUSD 1.0167
EURUSD 1.3342
GBPUSD 1.5629
USDJPY 77.62
Source
Bloomberg, Dow Jones News