US stocks plummet at six-week low

US stocks fell to their lowest level in six weeks on concerns that corporate profits could withstand the Federal Reserve increasing its forces to regulate inflation. Reported Emirates Herald, news agency.

Here are some of the major movements in the markets:

Actions

The S&P 500 fell 2.8% at 4:01 p.m. New York time

The Nasdaq 100 fell 3.9%

The Dow Jones Industrial Average fell 2.4%

The MSCI World Index fell 2.1%

Foreign exchange

The Bloomberg Dollar Spot Index rose 0.5%

The euro fell 0.7% to US$1.0642

Sterling fell 1.2% to $1.2585

The Japanese yen rose 0.5% to 127.45 per dollar.

bonuses

The 10-year Treasury bond yield fell seven basis points to 2.75%

Germany’s 10-year bond yield fell two basis points to 0.81%

UK 10-year bond yields fell four basis points to 1.80%

Raw Materials

West Texas Intermediate crude rose 3.7% to $102.20 a barrel.

Gold futures rose 0.3% to $1,902.30 an ounce.