The Dow Jones Industrial Average slid much of Monday, including a late sell off, and ended down 140.92 points or 1.39%, to 10,009.73, as investors continue to react to disappointing economic indicators. The benchmark index of 30 blue chip stocks is now down more than 4% for August with one trading day remaining. The S&P 500 index declined 15.67 points, or 1.5%, Monday to 1,049, and the Nasdaq Composite fell 33.66 points, or 1.56%, to 2,120. Last week, the Commerce Department revised its second-quarter GDP figure down to 1.6% from a prior estimate of 2.4% growth. And while Federal Reserve chairman Ben Bernanke said the central bank will do whatever it can to help stimulate growth, some analysts are starting to think the government is running out of options. Write to Jason Philyaw.
DJIA down 1.39% as indicators point down
Most Popular Articles
Latest Articles
The best real estate podcasts for agents and brokers in 2024
The best real estate podcasts to motivate, inspire, entertain and enlighten you this year.
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program
-
Retirement confidence hasn’t fully recovered, but survey shows hope for future prospects