Markets ended in the red for the fourth-consecutive day after
World Bank cut its outlook for global economic growth. Moreover,
dismal retail sales report and JPMorgan's disappointing fourth
quarter earnings results dented investor sentiment on Wednesday.
However, a strong recovery in
oil
prices
limited some of day's losses.
For a look at the issues currently facing the markets, make sure to read today's Ahead of Wall Street article
The Dow Jones Industrial Average (DJI) declined almost 1.1%, or 186.59 points, to close at 17,427.09. The Standard & Poor 500 (S&P 500) lost 0.6% to close at 2,011.27. The tech-laden Nasdaq Composite Index closed at 4,639.32; declining 0.5%. The fear-gauge CBOE Volatility Index (VIX) rose 4.5% to settle at 21.48. A total of about 8.1 billion shares were traded on Tuesday, higher than last five session's average of 7.1 billion. Decliners outpaced advancing stocks on the NYSE. For 59% stocks that declined, 38% advanced.
For a look at the issues currently facing the markets, make sure to read today's Ahead of Wall Street article
The Dow Jones Industrial Average (DJI) declined almost 1.1%, or 186.59 points, to close at 17,427.09. The Standard & Poor 500 (S&P 500) lost 0.6% to close at 2,011.27. The tech-laden Nasdaq Composite Index closed at 4,639.32; declining 0.5%. The fear-gauge CBOE Volatility Index (VIX) rose 4.5% to settle at 21.48. A total of about 8.1 billion shares were traded on Tuesday, higher than last five session's average of 7.1 billion. Decliners outpaced advancing stocks on the NYSE. For 59% stocks that declined, 38% advanced.
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