Tags: stocks | sink | economic | outlook

Stocks Sink as Economic Outlook Dims; Dow off 138

Wednesday, 01 May 2013 04:10 PM

The stock market fell the most in two weeks as the outlook for the economy grew dimmer.

The Dow Jones industrial average fell 138 points to close at 14,701 Wednesday. The Standard & Poor's 500 dropped 14 to 1,582. The Nasdaq lost 29 points to 3,299.

All three indexes fell 0.9 percent.

Small-company stocks fell more than the rest of the market. The Russell 2000 index sank 2.5 percent.

Stocks sagged following a slowdown in hiring and manufacturing last month. Big-name companies reported disappointing results.

Bond yields fell as investors sought safety. The yield on the 10-year Treasury note fell to 1.63 percent, its lowest of the year.

Three stocks fell for every one that rose on the New York Stock Exchange. Volume was below average at 3.4 billion shares.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Markets
The stock market fell the most in two weeks as the outlook for the economy grew dimmer.
stocks,sink,economic,outlook
130
2013-10-01
Wednesday, 01 May 2013 04:10 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved