Disappointing news that China's economic growth slowed in the first quarter sent the stock market today (Monday) reeling.
Just before noon, the Dow Jones Industrial Average dropped 0.61% to 14,773.75. The Standard and Poor's 500 Index slumped 0.75% to 1,576.87. The Nasdaq fell 0.80% to 3,268.45. Oil slipped 3.44% to $88 a barrel.
And the biggest loser of the day, gold plunged as much as 6.3%, hitting a low of $1,384.60.
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Stock Market: Q1 Was One for the Record Books, So What's Next?
The U.S. stock market logged an impressive first quarter.
Shrugging off budget cuts, tax hikes, and more Eurozone misery, U.S. stocks climbed to record territory on several occasions.
On March 5, the Dow broke through its record close of 14,165, previously hit Oct. 9, 2007. Meanwhile, the S&P has been flirting with its 1,565 record high for weeks.
The most recent milestones came Thursday when the Dow Jones Industrial Average closed at yet another record, and the Standard & Poor's 500 Index finally...
Stock Market Today: Why Stocks Slipped After Seven-Day Rally
After a seven-day rally that produced consecutive record highs for the Dow Jones Industrial Average, the stock market today (Tuesday) took a breather.
In early afternoon trading, the Dow Jones Industrial Average was down 16.66 or .12% at 14,430.63. The Standard & Poor's 500 Index was off 4.94, or .32% at 1,551.37. The Nasdaq was lower by 16.30, or .50% at 3,236.
"We've just been going up and up and up every day, and now a slight pullback....
Dow Hits Record High – What Does That Say About the U.S. Economy?
Equity market cheerleaders got very excited about the Dow Jones Industrial Average hitting a new record high yesterday (Tuesday).
The Dow closed at 14,253.77, topping its previous record close of 14,164.53 on Oct. 9, 2007.
While it is nice to see a sign that equities are improving following the devastating shock of the financial crisis of 2008, today's Dow Jones Industrial Average is not the same index as it was in 2007.
In fact, if we look back at when the Dow Jones Industrial Average last exceeded 14,000,...
As Volatility Hits New Lows, It Could Be Time to Sell
The average daily price volatility of stocks has fallen more than 60% since the beginning of 2013. It's the biggest straight-line drop in some 82 years.
A lot of investors are rejoicing. After all, stocks have risen an average of 17% a year when volatility is as low as it is right now, Bloomberg reports.
There is, however, a dark side to low volatility. Namely, it tends to precede powerful reversals that can wipe out...
Stock Market Today Battles the Apple Effect
The stock market today was proof that one bad apple doesn't spoil the whole bunch.
The Dow was up 55 points by 3:15, the S&P 500 up 1 - but the Nasdaq did slump 20 points, dragged down by Apple Inc. (Nasdaq: AAPL).
Thursday's advance came on the heels of the Dow's 67-point rise Wednesday which was stoked by a vote in the House of...
Stock Market Today: How Earnings Are Shaping the Week
Stock Market Today: Rally Over Already?
The stock market today (Thursday) so far has failed to continue yesterday's rally that delivered the Dow Jones Industrial Average's biggest one-day gain since Dec. 20, 2011.
After Washington announced a fiscal cliff deal Tuesday, investors raced into stocks and other risk-on trades, relieved that the country wasn't going to tumble over the dreaded fiscal cliff.