Trading on wall Street ended on Monday, February 6, the sharp collapse of quotations in the last two years on the background of the speech of the former head of the Federal reserve system of the USA Janet Yellen and the Central Bank will decide to punish the third-largest U.S. Bank Wells Fargo for corporate violations.
The Dow Jones lost 4.6% of cost, the S&P index fell by 4.1%, while the index of high technologies NASDAQ 3.8%.
Shares Wells Fargo Bank lost 9.2 per cent of the cost. Stock quotes oil Corporation Exxon Mobile, whose income for the fourth quarter of 2017 was significantly lower than forecast fell by 5.1%.
Asian markets began trading on Tuesday, February 6, with a significant drop of quotations. Japanese NIKKEI drops 6.9%, Hong Kong’s Heng Seng lost at the moment of 4.9%. A substantial fall recorded on the stock exchanges of South Korea, Singapore, Shanghai and Australia.
Note that the Bank of America at the end of October 2017 predicted the collapse of quotations in the period until mid-February 2018. «Somewhere between Thanksgiving and Valentine’s day will be a collapse of quotations of the S&P 500 by 10%,» — said in a report to investors.