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 2014 the year you get RICH!

Latest Headlines

Japan PM tells Brazil 'Abenomics' working, time to do more businessJapan PM tells Brazil 'Abenomics' working, time to do more business
BRASILIA (Reuters) - Japan`s Prime Minister Shinzo Abe touted the success of his economic policies on a visit to Brazil on Friday and said it was time for the two nations to expand their trade and i...
Argentina to investigate if debt case biased by holdout speculationArgentina to investigate if debt case biased by holdout speculation
BUENOS AIRES (Reuters) - Argentina`s economy ministry said on Friday it had asked the national securities watchdog to investigate whether litigation in the United States against the nation by holdouts...
Berkshire profit soars 41 pct to a record on investment gainsBerkshire profit soars 41 pct to a record on investment gains
(Reuters) - Warren Buffett`s Berkshire Hathaway Inc <BRKa.N> <BRKb.N> on Friday said second-quarter profit soared 41 percent to a record high, reflecting substantial investment gains and...
Microsoft sues Samsung in U.S. over patent royaltiesMicrosoft sues Samsung in U.S. over patent royalties
(Reuters) - Microsoft Corp <MSFT.O> sued Samsung Electronics Co Ltd <005930.KS> on Friday, claiming the South Korean smartphone maker refused to make a royalty payment last fall on paten...
Gundlach's DoubleLine Funds see sixth straight month of inflowsGundlach's DoubleLine Funds see sixth straight month of inflows
NEW YORK (Reuters) - Jeffrey Gundlach`s DoubleLine Funds had net inflows of $603 million in July, with its flagship DoubleLine Total Return Bond Fund attracting net inflows of $375 million. Double...

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.