Stocks have stabilized at sharply lower levels Thursday around midday, with the major averages off 3-4%.
The headwinds facing equities were already strong, and they grew stronger with this morning’s economic data; the bearish news included a frighteningly low read on mid-Atlantic factory activity, higher prices at the consumer level, a soft weekly jobless claims report and more weakness in the housing market. The Dow is off 385, or 3.4%, the Nasdaq Composite index shed 101, or 4%, to 2410, and the S&P 500 lost 44, or 3.7%, to 1149.
From Fox News
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
No comments:
Post a Comment