The action of the United States (US) retail giant, Walmart Inc, which reduced its profit forecast made investors' sentiments turn risk-off in addition to the FOMC meeting factor on Thursday.
The streak saw equity markets decline while dollar assets and Treasury yields entered a rally.
Looking at Wall Street indices, the Dow Jones Industrials fell 0.71% to 31,761.54, the S&P 500 lost 1.15% to 3,921.05 and the Nasdaq Composite was down 1.87% to 11,562.58.
Commenting Carol Schleif from BMO, Walmart is seen as a determinant of 'consumer health patterns' has lowered its profit forecast because there is a surge in food and fuel prices which causes a reduction in purchases.
He added that concerns about economic growth and interest rate hikes by the Federal Reserve (Fed) also made investors run away from risky assets.
Elsewhere, the pan-European STOXX 600 index fell 0.03% and MSCI's gauge of worldwide shares lost 0.92%.
Currency trends saw the dollar index gain 0.752%, snapping a 3-session losing streak, while the Euro was down 1.04% at $1.0114 and the Japanese Yen weakened 0.15% at $136.90.
The decline in the Euro is due to concerns over energy supply strings from the European Union (EU) gas rationing decision after Russia only allowed its pipelines to operate at 40% capacity.
Meanwhile, the benchmark 10-year note rose 5/32 in price to yield 2.8032% while the 30-year bond rose 17/32 in price to yield 3.0227% while the 2-year note fell 2/32 to yield 3.0609%.
For commodities, concerns about consumer confidence and the expectation that 20 million barrels of crude oil will be released from the US Strategic Petroleum Reserve dampened prices.
US crude was down 1.78% at $94.98 and Brent crude was down 0.71% at $104.40.
Spot gold was also down 0.1% at $1,716.98 an ounce as investors focused on economic growth and the FOMC meeting.
