US stocks slip amid eurozone worries

<p>After being boosted by the Federal Reserve’s bond-buying plans, US stocks have retreated on eurozone fears.</p>

The major US benchmarks closed lower last night (September 17th) as eurozone woes continue to have a negative impact on investor confidence.

This is despite the boost from the Federal Reserve's decision to implement a third round of asset purchases in order to return the world's largest economy to growth.

In addition to Wall Street dampening due to the ongoing turmoil in the single currency region, Spanish bonds also slid after European Union (EU) finance chiefs clashed at debt crisis talks.

EU ministers also failed to agree on a timetable for a more unified banking system within the eurozone and disputed the terms of bailout requests and the role of the European Central Bank.

At close in New York yesterday, the Dow Jones slipped 0.3 per cent to an index value of 13553.1 points and the Nasdaq retreated 0.1 per cent to 3178.6 points.

Meanwhile, in Chicago the Standard & Poor's 500 Cash Index – Chicago Mercantile Exchange – lost 0.3 per cent to 1461.1 points.

Learn all about CFD trading strategies and the Dow Jones at City Index.

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.