Posted by: youngragingbull | April 15, 2013

Stocks log worst day in 5 months

U.S. stocks fell sharply on Monday after reports from China showed slower economic growth and industrial production than expected.

The massive selloff resulted in all three major U.S. stock indexes reporting their worst one-day losses since November 7, 2012.

Summary:

  • The Dow Jones Industrial Average fell 266 points, or 1.8%, to 14,599.
  • The S&P 500 lost 36 points, or 2.3%, to 1,552.
  • The Nasdaq Composite fell 78 points, or 2.4%, to 3,216.
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Responses

  1. Side Note: As reported earlier, gold also fell sharply during Monday’s trading session, marking the first time that both gold futures and the Dow both posted triple-digit declines on the same day.


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