U.S. Market Ended Lower After Major Portuguese Lender Scared The World

Now watching

Next video starts in : 7 Play

U.S. Market Ended Lower After Major Portuguese Lender Scared The World

U.S. Market Ended Lower After Major Portuguese Lender Scared The World
Replay video
Up next

Americans to Save $120 Billion From Low Gas Prices: Moody's Mark Zandi

Unlock your personal NFL Now stream by signing in to NFL.com

U.S. Market Ended Lower After Major Portuguese Lender Scared The World

by TheStreet 1:16 mins

U.S. Market Ended Lower After Major Portuguese Lender Scared The World

by TheStreet 1:16 mins

Major averages finished Thursday slightly lower. The S&P 500 lost 8 points, the Dow lost 71 points, and the Nasdaq lost 23 points. All losses were within half a percent. Portugal sent waves to the U.S. after the parent company of Banco Espirito Santo, the second largest lender in that country, missed short-term debt payments. Portuguese Central Bank officials said Banco Espirito Santo's debts are protected, but global markets panicked still. As a result of safety seekers, gold rallied 1% and silver rallied almost 2%. In the U.S., initial jobless claims report showed unemployment benefits fell to 304,000 last week. The four-week moving average also fell more than 3,000 to just a little over 311,000.

TheStreet

We The Economy

  1. 6:40

    cave-o-nomics

    14,962 views

  2. 7:38

    Supply & Dance, Man!

    6,132 views

  3. 5:26

    GDP SMACKDOWN

    12,893 views

  4. Lemonade War

    32,963 views

  5. 6:55

    A BEE’S INVOICE; THE HIDDEN VALUE IN NATURE

    2,094 views

  6. 7:06

    Fed Head