Stock market news, July 8, 2014: The Dow Jones Industrial Average today (Tuesday) plummeted more than 150 points in the morning, and closed the day with a 117.59-point loss. This is the largest one-day decline in nearly two months, as investors remain cautious ahead of corporate earnings season. Eight of the ten S&P sectors were down on the day, with utilities and consumer discretionary stocks as the lone gainers.
Money Morning's Defense and Tech Specialist Michael Robinson had been predicting that the Dow Jones would break 17,000 and then experience a pullback. He appeared on FOX Business' "Varney & Co." this afternoon and told investors the most important factors to watch - and what they can expect from the stock market now.
Here's the scorecard from today's trading session:
DOW: 16,906.62 (-0.69%) NASDAQ: 4,391.46 (-1.35%) S&P 500: 1,963.80 (-0.70%)
And here are the top stories that affected the stock market today:
Ford in trouble, a damaging Tesla trademark infringement, and two more big banks cited for bad behavior? Keep reading to get these top stories, plus access to three of our latest investing pieces for Money Morning Members only...
Now our experts share some of the most important investment moves to make based on today's market trading - for Money Morning Members only: