Print

Dismal report on retail spending hits stock market; Dow down 186

By The Associated Press
Posted 4:45PM on Wednesday 14th January 2015 ( 10 years ago )
NEW YORK (AP) -- Stocks recovered much of a midday swoon but still ended lower following some discouraging news on the global economy and retail sales in the U.S.<br /> <br /> The price of copper plunged Wednesday, and investors seeking safety piled into bonds.<br /> <br /> The World Bank lowered its forecast for global growth this year. It blamed sluggish economies in Europe and Japan, and a slowdown in China.<br /> <br /> The Dow Jones industrial average lost 186 points, or 1.1 percent, to 17,427. It was down as much as 348 points earlier.<br /> <br /> The Standard & Poor's 500 index fell 11 points, 0.6 percent, to 2,011. The Nasdaq composite fell 22 points, or 0.5 percent, to 4,639.<br /> <br /> Bank stocks fell after JPMorgan Chase reported weaker results.<br /> <br /> The yield on the 10-year Treasury note dropped to 1.84 percent.

http://accesswdun.com/article/2015/1/284039

© Copyright 2015 AccessNorthGa.com All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.