Most major stock indexes fell on Wednesday, with Netflix (NFLX.O) shares down after the company's outlook disappointed, while spot gold prices declined, a day after they had the sharpest single-day drop in over five years, APA reports, citing Reuters.
The Dow Jones Industrial Average (.DJI), fell 334.33 points, or 0.71%, to 46,590.41, the S&P 500 (.SPX), tab fell 35.95 points, or 0.53%, to 6,699.40 and the Nasdaq Composite (.IXIC) fell 213.27 points, or 0.93%, to 22,740.40.
MSCI's gauge of stocks across the globe (.MIWD00000PUS) fell 4.16 points, or 0.42%, to 990.69.
The pan-European STOXX 600 (.STOXX), index fell 0.18%. However, London stocks rose for a third consecutive day as investors increased bets on interest rate cuts from the Bank of England after data showed inflation unexpectedly held steady. The blue-chip FTSE 100 (.FTSE), gained 0.9%. Sterling fell by as much as 0.5% against the dollar. It was last down 0.13%.
U.S. Treasury yields slid for a third straight session, though the market was range-bound as the U.S. federal government dragged on with no resolution in sight.