6/18, 2:22 PM (Source: TeleTrader)
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US drops premarket, Dow loses over 300 points

Major stock indexes in the United States fell in premarket trade on Friday after trading mixed earlier in the day. Markets were in for a volatile day on Thursday after the Fed announced no change in interest rates and initial jobless claims rose more than expected to reach 412,000.

The Dow Jones lost 1.02% or over 300 points at 8:23 am ET. The Nasdaq 100 was down 0.67% at the same time, while the S&P 500 fell by 0.83%.

The euro dropped 0.24% against the dollar at 8:25 am ET, going for 1.18785.

Breaking the News / DJ