Tag: barack obama
-
Stocks Sink on Rising Debt Worries
U.S. stocks closed sharply lower Monday,as investors worried that Europe’s debt crisis could spread to Italy and amid ongoing worries over the U.S. budget. The Dow Jones Industrial Average lost 151.44 points, or 1.2%, to close at 12,505.76. The S&P 500 fell 24.31 points, or 1.8%, to 1,319.49. The Nasdaq Composite fell 57.19 points, or…
-
Stocks Tumbled on Europe Worries
U.S. stocks fell sharply after the open on Monday as disappointment over the previous session’s jobs report and worries about a spreading European debt crisis weighed. The Dow Jones Industrial Average lately fell 102.17 points, or 0.81%, to 12,555.03. The S&P 500 was down 13.23 points, or 0.98%, to 1,330.57. The Nasdaq Composite was off…
-
Stocks Bounce Back Despite Weak Services Sector
U.S. stocks finished higher Wednesday as investorslooked beyond a weak reading on the U.S. services sector and overseas debt issues and interest-rate hikes. The Dow Jones Industrial Average closed up 56.15 points, or 0.45%, at 12,626.02. The S&P 500 Index increased by 1.34 points, or 0.10%, to close at 1,339.22, and the Nasdaq Composite Index…
-
Stocks Extend Losing Streak after Bernanke
U.S. stocks extended their losing streak to a fifth session Tuesday, as investors turned downbeat late in the session following comments from Federal Reserve Chairman Ben Bernanke. The Dow Jones Industrial Average fell 19.15 points, or 0.16%, to 12,070.81. The S&P 500 gave up broad gains to end down 1.23 points, or 0.10%, to 1,284.94.…