Down Jones

Stock Market Drops Suddenly At Opening After Presidential Elections And Bad E.U. Forecast

Submitted by News Desk 2 on Wed, 11/07/2012 - 10:55

New York City -

The stock market on wall street opened down over 200 points with stocks in nearly every sector of the economy posting losses.

One hour after the market opened the dow was down 200.44, or 1.51% at 13,045.24.

Stocks began their slide in pre-market trading on news that European leaders have all but stated a recession can't be avoided.

Also driving down the market were investors focused on how President Obama plans to avoid the fiscal cliff after he won re-election Tuesday night.

Dow Jones Opens Down Sharply As Retail Slows And Manufacturing Drops

Submitted by News Desk 2 on Tue, 10/23/2012 - 12:24

New York City -

The Down Jones Industrial Average, DJIA, opened this moring dropping more than 200 points in the first hours as companies report lower earnings and revise lower fourth quater earning expectations.

As of noon, the Dow was down 227.66 points at 13,118.38, or 1.71% of the total value of the stock market.

Bellweather companies like 3M reported lower earnings and DuPont said it plans to cut 1,500 jobs. Retail sales have only been modest and manufacturing was down in several sectors.

Dow Suffers 2nd Worst Drop Of The Year; Closes Down 250.82 Points

Submitted by News Desk 2 on Thu, 06/21/2012 - 16:23

New York City -

The Dow closed down 250.83, or -1.96%, the second worst day of the year on the stock market, as fears of trouble in Europe continue, poor economic reports. The Nasdaq dropped 71.36, and all sectors of the S&P 500 fell as well. This is the second time in just three weeks that the Dow has dropped more than 250 points in one day.

Investor were dismayed that the Federal Reserve offered nothing new for the market other than to continue selling short-dated bonds in order to buy buy longer term securities, despite many expecting the Fed to act more decisive.