The Dow lost 171 points, the S&P 500 closed down 18, and the Nasdaq fell 48, ending a three-day streak of gains
NEW YORKA three-day rally is ending much like it began, with a steep and sudden turn.
Skip to next paragraphStocks started higher early Thursday but turned lower within 20 minutes. Indexes in the U.S. and Europe sank after Germany's main stock index suddenly lost 4 percent. Traders were at a loss to explain the move.
Bank of America Corp. led other banks higher on news that Warren Buffett will invest $5 billion in the bank.
The Dow fell 171 points, or 1.5 percent, to close at 11,150. The S&P 500 index fell 18 points, or 1.6 percent, to 1,159. The Nasdaq fell 48 points, or 2 percent, to 2,420.
More than three stocks fell for every one that rose on the New York Stock Exchange. Trading volume was above average at 5 billion shares.
Source: http://rss.csmonitor.com/~r/feeds/csm/~3/DxsWlPsZDmQ/Stocks-sink-Banks-rise-on-BofA-deal
vevo fried chicken post offices pet stores movie quotes movie quotes privacy
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.