FXstreet.com (San Francisco) - Global markets are generally on the defensive and U.S. stocks fell sharply on Tuesday, weighed by weak quarterly earnings, which is translating into a stronger U.S. dollar and Japanese yen. The Dow Jones Industrial Average dropped 243.28 points, or 1.8%, to record its largest daily decline in four months at 13,102.61. The S&P 500 index fell 20.7 points, or 1.4%, to end at 1,413.12. The Nasdaq Composite slid 26.5 points, or 0.9%, to close the session at 2,990.46, a 2-monht low. At the closing bell, Facebook reported 3Q adjusted earnings of per share $0.12, beating estimates of $0.11. Facebook also reported that revenue from advertising was $1.09 billion, a 36% increase from the same quarter last year.
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
