Natural gas fell 12.1% to $1.99 per mmbtu, the lowest in nearly seven weeks.
Approximately 66.4% (64.2% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 57.4% (53.7% in the prior session) were trading above their 20-day moving average.
Sept 17 (Reuters) - U.S. stocks dropped more than 1% on Thursday as technology-related shares extended a recent decline and as data showed high levels of weekly jobless claims.
The Fed is doing all it can without appearing to be in panic mode, said Rick Meckler, a partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey.
"Weaker demand and significantly lower oil prices are holding down consumer price inflation", the Fed said, adding "the ongoing public health crisis will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term".
"If there's more stimulation to come it's going to have to come from Congress and the president, and on that front we seem probably stymied until the election".
Stocks in Asia were mixed on Friday though remained on course to climb for the first week in September as investors look for the next catalyst to reignite the rally.Читайте также: La PlayStation 5 de Sony sortira en novembre
The Shanghai Composite Index opened at 3,270.91 points, up 0.47 points, or 0.01 percent.
The Dow Jones Industrial Average fell 305.79 points, or 1.09%, to 27,726.59, the S&P 500 lost 52.55 points, or 1.55%, to 3,332.94 and the Nasdaq Composite dropped 229.56 points, or 2.08%, to 10,820.91.
Banks reeled from the prospect of near-zero interest rates for a prolonged period, with the European banking index falling 1.6% and the S&P 500 financials index 1.0%. South Korea's won outperformed among emerging-market currencies.
The Japanese yen strengthened 0.25% versus the greenback at 104.69 per dollar.
Oil prices held hefty overnight gains after OPEC flagged a crackdown on member states that did not cut output and the USA dollar was back to nursing losses after a brief journey higher in the wake of Wednesday's Federal Reserve meeting.
West Texas Intermediate crude climbed 2.3% to $41.08 a barrel, the highest in two weeks.
Spot gold lost $15.00 (-0.77%) to $1,944 an ounce.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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