Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Tumble After Bernanke Comments

Thursday, June 20, 2013 4:26 PM
Stocks tumbled on Thursday, with all three major indexes ending the day at session lows, after comments from Federal Reserve Chairman Ben Bernanke. The Fed Chairman, on Wednesday, said that the central bank might start easing its $85 billion a month bond buying program towards the end of this year if the economy continues to improve. Bernanke’s comments sparked a sell-off in late trading on Wednesday, which continued on Thursday. Market sentiment was also weighed down by disappointing manufacturing data from China. On Thursday, the Dow Jones ended 2.34% lower at 14,758.32, the S&P 500 ended 2.50% lower at 1,588.19, and the Nasdaq ended 2.28% lower at 3,364.63. All sectors in the S&P 500 tumbled on Thursday. Basic Materials sector was the worst performer in the S&P 500, ending the day 3.34% lower. Utilities fell 3.22% on Thursday, while Energy sector ended 2.94% lower. Among the major movers in trading on Thursday were PulteGroup Inc. (NYSE: PHM), which ended the day 9.10% lower at $18.87, Microsoft Corporation (NASDAQ: MSFT), which ended the day 3.18% lower at $33.49, and Google Inc. (NASDAQ: GOOG), which ended the day 1.77% lower at $884.74. On the economic front, a report released by the Labor Department showed that initial jobless claims rose 18,000 to a seasonally adjusted 354,000 last week. Meanwhile, existing home sales rose in May to the highest level in three-and-a-half years, according to data from the National Association of Realtors. The Philadelphia Fed reported that factory activity in the mid-Atlantic region rose to 12.5 in the month of June. European markets ended mostly lower on Thursday, with the FTSE 100 Index in London closing 2.98% lower, and the CAC 40 Index in Paris closing 3.66% lower. Asian markets also tumbled overnight, with the Nikkei 225 Index in Japan closing 1.74% lower, and the Hang Seng Index in Hong Kong closing 2.88% lower.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2015 the year you get RICH!

Latest Headlines

HSBC considering spinning off British retail bank: Sunday TimesHSBC considering spinning off British retail bank: Sunday Times
(Reuters) - HSBC <HSBA.L>, Europe`s biggest bank, is weighing plans to spin off its British retail bank in a 20 billion-pound ($30.37 billion) deal, the Sunday Times reported. Directors at the...
Why Apple Should Make A Car In 1 ChartWhy Apple Should Make A Car In 1 Chart
Bernstein analysts led by A.M. Sacconaghi recently suggested that Apple Inc. (NASDAQ: AAPL ) should make a car. Sacconaghi noted that the “auto sector offers a uniquely large, addressable marke...
German Chancellor, Greek PM agree to stay in touch to reach debt dealGerman Chancellor, Greek PM agree to stay in touch to reach debt deal
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation on Sunday to maintain contact during talks between the cash-strapped country a...
German Chancellor, Greek PM agree to stay in touch to reach debt dealGerman Chancellor, Greek PM agree to stay in touch to reach debt deal
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation on Sunday to maintain contact during talks between Athens and its lenders to r...
Deutsche Bank first-quarter profit falls by half as legal charges biteDeutsche Bank first-quarter profit falls by half as legal charges bite
FRANKFURT (Reuters) - Deutsche Bank`s <DBKGn.DE> earnings fell by half in the first quarter, a greater-than-expected drop as hefty legal charges eroded gains in investment banking revenue, whi...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.

Algorithm Based
Trade Signals
arrow
small cap swing trades Futures Day Trading System S&P + Crude Oil Signals
Autotrading Autotrade Stocks Try for Free!