Connect with us
U.S. markets fell further today to continue its descent from late last week.

archive

U.S. Stocks Retreat Again after Worst Week Since 2012

U.S. markets fell further today to continue its descent from late last week.

U.S. Stocks Retreat Again after Worst Week Since 2012 (Bloomberg)

U.S. markets fell further today to continue its descent from late last week. The Standard & Poorâ??s 500 Index slipped 0.5 percent Monday to 1,781.56 after tumbling 2.6 percent last week. The Dow Jones Industrial Average lost 41.23 points today, or 0.3 percent, to 15,837.88. Both indices closed at the lowest levels since mid-December. About 8 billion shares changed hands on U.S. exchanges, roughly 30 percent more than the three-month average. The S&P 500 last week sank the most since June 2012 as a sell-off in developing-nation currencies spurred volatiliy in global markets. The dip drove the index below its average price in the past 50 days for the first time since October. The S&P 500 today extended its 2014 retreat to 3.6 percent. The Dow is down 4.5 percent for the year. Visa Inc., Microsoft Corp. and Goldman Sachs Group Inc. slumped more than 1.7 percent, leading declines among large companies. Google Inc. and Facebook Inc. paced losses in technology stocks. However, Caterpillar Inc. (CAT) jumped 5.9 percent after announcing a stock buyback and forecasting earnings above analystsâ?? estimates.

Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

Advertisement
Advertisement

TRENDING NOW:

archive

U.S. Stocks Retreat Again after Worst Week Since 2012

U.S. Stocks Retreat Again after Worst Week Since 2012 (Bloomberg)

U.S. markets fell further today to continue its descent from late last week. The Standard & Poor’s 500 Index slipped 0.5 percent Monday to 1,781.56 after tumbling 2.6 percent last week. The Dow Jones Industrial Average lost 41.23 points today, or 0.3 percent, to 15,837.88. Both indices closed at the lowest levels since mid-December. About 8 billion shares changed hands on U.S. exchanges, roughly 30 percent more than the three-month average. The S&P 500 last week sank the most since June 2012 as a sell-off in developing-nation currencies spurred volatiliy in global markets. The dip drove the index below its average price in the past 50 days for the first time since October. The S&P 500 today extended its 2014 retreat to 3.6 percent. The Dow is down 4.5 percent for the year. Visa Inc., Microsoft Corp. and Goldman Sachs Group Inc. slumped more than 1.7 percent, leading declines among large companies. Google Inc. and Facebook Inc. paced losses in technology stocks. However, Caterpillar Inc. (CAT) jumped 5.9 percent after announcing a stock buyback and forecasting earnings above analysts’ estimates.

TRENDING NOW:

THE TRUTH ABOUT GLOBAL WARMING: REAL THREAT OR HYSTERIA?

archive

Dystopia Alert: A Decimating National Debt

archive

Guest Columnist: Why We Must Have a Border Wall

archive

Rising Social Agenda Brings Luster to Qualified Dividends

archive

Connect