Worst Day In A Month For US Stocks

By: Associated Press
By: Associated Press

Stay up-to-date with KAKE News:

Wednesday, April 4, 2012

The Dow Jones industrial average has suffered a triple-digit decline for only the second time this year.

The Dow was down as much as 179 points earlier in the day. It recovered to close down 125 at 13,075. That's the biggest loss for the Dow since March 6.

It was triggered by a weak bond auction in Spain that revived fears over Europe's debt problems. Gold plunged to its lowest level since January.

The Standard & Poor's 500 index finished down 14 at 1,399. The technology-heavy Nasdaq composite index fell 45 to 3,068, its worst
decline of the year. It was the Nasdaq's sixth loss in seven days.

Declining stocks beat advancers by about 5-to-1 on the New York Stock Exchange. Volume was about average at 3.8 billion shares.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 146162155 - kake.com/a?a=146162155