- Most stock markets in the world fell after the Federal Reserve kept interest rates at record lows, with investors spooked by the more dovish than expected stance. The Stoxx Europe 600 declined 0.9% in early trade on Friday, mirroring losses in the U.S. after the announcement on Thursday afternoon. Japan's Nikkei Stock Average fell 2%. Commodity prices fell as well on worries of a global slowdown, with copper and oil down after the announcement.
- Japanese Finance Minister Taro Aso said the Federal Reserve's decision to hold rates was likely to have reflected the voice of emerging markets, where policymakers have lobbied the Fed not to raise rates for a long time. "A lot of countries would face depreciation of their own currencies if the U.S. raises rates rapidly just because of improvements in its own economy, which would cause a reversal of capital back to the U.S.," Aso said.
- A court granted Action Alerts PLUS portfolio holding Apple (AAPL) an injunction which may force arch-rival smartphone maker Samsung to make changes to the operating system of its phones if it wants to keep selling them in the U.S.
- Regulators in China and elsewhere are beginning to consider whether technology companies that have waded into the financial services sector should be regulated like banks, the chairman of HSBC Douglas Flint said. This would affect companies like Apple and Alibaba (BABA).
- Swiss company Novartis (NVS) was hit hard by the slowdown in emerging markets, which cut its growth in China to single digits from double digits, the company's CEO said.
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