Wednesday 3:48am
April 16, 2014
Currently 36°F
Posted: Thursday, June 21st 2012 at 4:22pm

Dow loses 251, its second-biggest drop of the year

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
NEW YORK - Worries about the U.S. economy are sending the Dow Jones industrial average down 251 points, the second-worst drop this year.

The bad news kept piling up Thursday. Commodity prices slumped in early trading after a report said manufacturing in China fell this month.

The Philadelphia branch of the Federal Reserve also reported a sharp drop in manufacturing in the Northeast.

The Dow closed down 2 percent at 12,574. Alcoa fell the most.

The Standard & Poor's 500 index lost 30 points to 1,326, a decline of 2.2 percent. The Nasdaq fell 71 points, 2.4 percent, to 2,859. All three major indexes lost their gains for the week.

More than four stocks fell for every one that rose on the New York Stock Exchange. Volume was about average, 3.8 billion shares.
© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.053471
icon
36°F
Gainesville, GA 30501
Clear
Wind: North 0 mph
Dew point: 24°F