Tag Archives: Points
Dow Falls More Than 100 Points
Minyanville’s T3 Daily Recap: Dow Tumbles 200 Points, Where Do You Look to Buy Back?
The market had by far its worst day of 2012 with the Dow falling more than 200 points. Stocks had been on a relentless charge in 2012 with indices hardly even testing their 10-day moving averages but today's sell-off is a reminder of how quickly gains can disappear. Downside action over the past three days in the S&P most of which came today erased nearly all of February's methodical gains. The catalyst for the sell-off was renewed fears about a Greek debt default. Parameters of the deal had been almost entirely finalized but now questions persist about whether bondholders will
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Dow Sheds 160 Points on European Recession Fears
U.S. stocks are pulling back sharply as the markets digest more evidence that Europe is sliding deeper into the doldrums and worries about a slowing global economy.
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Dow Surges 200 Points on Europe, U.S. Housing Data
NEW YORK (TheStreet) — U.S. stocks were
rebounding Tuesday as investor sentiment got a boost from surprisingly good U.S. housing numbers and uplifting economic news out of Europe.
The Dow Jones Industrial Average was rising 246 points, or 1.3% higher, at 12,012. The S&P 500 was rising 26.4 points, or 2.2% , at 1231, and the Nasdaq was ahead by 57.8 points, or 2.2%, at 2581.
The Commerce Department on Tuesday reported better-than-expected housing starts in November, rising 9.3% to 685,000, up from the revised October estimate of 627,000 and better than the 630,000 that economists surveyed by Thomson Reuters were expecting. Building permit numbers for November also came in better than expected, rising 5.7% to 681,000, up from the revised October estimate of 644,000, and better than the 635,000 that economists polled by Thomson Reuters were expecting.
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