US, European, global stocks lower on financials


The Dow Jones industrial average fell 33.07 points, or 0.18 percent, to 18,448.41, the lost 2.97 points, or 0.14 percent, to 2,172.47 and the Nasdaq Composite dropped 5.49 points, or 0.11 percent, to 5,212.20 (Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 25, 2016. - REUTERS)

NEW YORK: The possibility of a US$14 billion fine for Deutsche Bank and a slide in oil prices hit financials and energy stocks on Friday, leading major global stock indexes lower.

The Dow Jones industrial average fell 88.68 points, or 0.49 percent, to close at 18,123.8, the S&P 500 lost 8.1 points, or 0.38 percent, to end at 2,139.16 and the Nasdaq Composite dropped 5.12 points, or 0.1 percent, to finish at 5,244.57.

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