The Dow Jones Industrial Average slid this afternoon after traders reacted negatively to an announcement by the European Central Bank. The ECB said it will leave its benchmark interest rate unchanged and that it anticipates low rates to remain for an "extended period."
Investors also weighed a stock downgrade of one of the market's most iconic technology companies.
Dow Jones: 18,479.91; -46.23; -0.25%
Asian shares slipped and global bonds came under pressure on Friday after the European Central Bank left markets in the dark on what future easing steps it may take, while oil prices jumped on an unexpected drawdown in U.S. stockpile.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dropped 0.4 percent from Thursday's 13-month high, mirroring the slide in the MSCI's all-country world index .MWD00000PUS.
Reference: Reuters, Money Morning
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