Stocks Are Sliding – Business Insider
Consolidated Edison, PG&E and Duke Energy fell 1 percent or more. The Dow Jones utility index, which includes 15 utility stocks, fell 1 percent. OUT OF FASHION: Michael Kors dropped $5.33, or 7 percent, to $75.50. While the handbag and women’s fashion company reported a rise in second quarter earnings, the company’s profit margin shrank for the second consecutive quarter.
As you may have guessed by now, no one knows exactly why stocks took a dive this afternoon when they did. It appears the stock selling may have been precipitated by some big sells in the futures markets, but that’s really just another way of saying stocks fell because people sold them. That, however, is all we know right now. Very likely, it is all we will ever know. Most recently, the SPDR S&P 500 ETF ( SPY ) was trading at $191.95, a level it hasn’t seen since the very beginning of June.
Stocks Plunge, End Off Worst Levels, as Fresh Ukraine Worries Trigger Sell-Off – NASDAQ.com
With markets already defensive from concerns that strength in the U.S. economy will give the Federal Reserve the ammunition to hike rates sooner than expected, selling tied to geo-political pressures met with little resistance. As a result, the Dow Jones Industrial Average slid to an 11-week low, shedding stocks to invest in now nearly 200 points before the feeding frenzy stalled. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc. Copyright (C) 2014 MTNewswires.com.
Stocks take a dive – NASDAQ.com
The NYSE Arca Airline Index fell by 1.5 percent to a two-month closing low. Considerable weakness was also visible among utilities stocks, as reflected by the 1.2 percent loss posted by the Dow Jones Utilities Average. With the loss, the average extended a recent downward move and hit its lowest closing level in over two months. Electronic storage, steel, and semiconductor stocks also saw notable weakness on the day, moving lower along with most of the other major sectors. Other Markets In overseas trading, stock markets across the Asia-Pacific region turned in another mixed performance during trading on Tuesday.
Stocks Move Back To The Downside Amid Fed, Ukraine Worries – U.S. Commentary
6, 2008. Stocks are sliding. The Dow was down as much as 200 points Tuesday. The S&P 500 was off 19 points, and the Nasdaq fell 33 points. Headlines about Russian troop movement near the border of Ukraine is one possible explanation for what’s spooking stocks. “Moscow has around 20,000 troops deployed in battle-ready formations on the border, according to senior Nato military officers significantly more than the 15,000 U.S.