Results blow as ISEQ falls 6%

STOCKMARKETS fell yesterday, mainly on the back of renewed concern over prospects for economic growth in the US, while a freefall in CRH’s share price almost single-handedly dragged the ISEQ down by nearly 6%.

New US data, showing a 27% drop in existing house sales in July, dragged down both the Dow Jones and the Nasdaq by over 1% yesterday evening.

In Europe, the knock-on effect saw London’s FTSE close down 1.5%, Paris’ CAC fall by 1.8% and Frankfurt’s DAX drop 1.3%.