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Stock Market News: Dow Dips on Global Growth Forecast

Stock market news, June 11, 2014: The Dow Jones Industrial Average slipped more than 100 points today on news that the World Bank slashed its global growth forecast from 3.2% to 2.8%.

Here's the scorecard from today's trading session:

Dow: 16,843.88, -102.04 (0.60%)
S&P 500: 1,943.89, -6.90 (0.35%)
NASDAQ: 4,331.93, -6.06 (0.14%)

Here are the other top stock market news stories from today:

    Stock Market News
  • Main Street Sells Off: The Investment Company Institute reports that individual investors on Main Street have been the largest net sellers of mutual funds that invest in U.S. stocks over the last six weeks. The outflows suggest that U.S. retail investors are growing weary of a stock market that has struck record highs this year and continues to rely heavily on central bank support.
  • The European Investigation: Shares of both Apple Inc. (Nasdaq: AAPL) and Starbucks Corp. (Nasdaq: SBUX) slipped on news that European officials were investigating the companies' tax agreements in Ireland and the Netherlands, respectively. The European Commission is investigating whether their tax policies comply with EU regulatory rules.
  • Tax Season Profits: At least someone loves April 15. This morning H&R Block Inc. (NYSE: HRB) announced that its fourth-quarter earnings spiked 37%, buoyed by strong tax season revenues. Shares rose more than 4% on its strong earnings report.
  • The Deficit Downturn: The U.S. Treasury Department announced a budget deficit of $130 billion in May, a 6% decline from the same month of 2013. For the 2014 fiscal year, the United States is running a $436 billion deficit, which is 30% lower than the pace for last year. The government is attributing the decline to stronger employment figures in the United States.
  • The Lego Standoff: This morning, Inc. (Nasdaq: AMZN) caused a stir by refusing to accept pre-orders for "The Lego Movie" and other films created by Time Warner Inc. (NYSE: TWX). Despite the standoff between and a number of content providers as it tries to bring down the price of certain goods, the company received a "Buy" call this afternoon from Goldman Sachs Group Inc. (NYSE: GS).
  • The First Political Shock: In a shocking primary defeat on Tuesday, House Majority Leader Eric Cantor announced he will step down from his position. Cantor lost to Tea Party-supported economics professor Dave Brat. The defeat could be a major blow to any immigration reform that was expected later this summer in Congress.

Now our experts share some of the most important investment moves to make based on today's market trading – for Money Morning Members only:

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