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Wall Street in the red, Investors worried about economy

FXStreet (Mumbai) - The stock markets in the US fell sharply in line with its European peers as investors view Fed’s inaction n Thursday as a sign of economic slowdown.

At the time of writing, the Dow Jones industrial average was down nearly 200 points, or 1.39%, at 16,443.24, the S&P 500 was down 22.37 points, or 1.1%, at 1,967.83 and the Nasdaq composite was down 46.16 points, or 0.94%, at 4,847.79.

European stocks are headed for the biggest drop in two weeks, although Asian stocks cheered the Fed’s decision to hold rates unchanged. Moreover, the Fed put focus back on the concerns such as China’s economy and plunging commodities.

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