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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Tumble on Cliff Worries

Friday, December 28, 2012 5:34 PM
Stocks fell sharply in trading today, with all three major indexes ending at session lows, as concerns over the fiscal cliff continued to weigh down market sentiment. Stocks extended their losses in late trading after a report that President Obama said he is not to going to make a new budget offer during the meeting with congressional leaders at the White House. Investors are focused on the meeting between President Obama and congressional leaders at the White House today. Investors are hoping that lawmakers will reach some sort of deal before the year-end deadline and avert the fiscal cliff. The Dow Jones ended the day 1.21% lower at 12,938.11, the S&P 500 ended the day 1.10% lower at 1,402.43, and the Nasdaq ended the day 0.86% lower at 2,960.31. For the week, the Dow Jones fell 1.92%, the S&P 500 fell 1.94%, and the Nasdaq fell 2%. All sectors in the S&P 500 ended the day in red. Conglomerates were the worst performers in the S&P 500 today, ending the day 1.30% lower. Energy sector also fell sharply, ending the day 1.29% lower. Industrials ended the day 1.10% lower. Among the major movers in trading today were Accretive Health Inc. (NYSE: AH), which ended the day 5.98% lower at $11, Apple Inc. (NASDAQ: AAPL), which ended the day 1.10% lower at $509.41, Advanced Micro Devices Inc. (NYSE: AMD), which ended the day 4.60% lower at $2.28, Research In Motion Limited (NASDAQ: RIMM), which ended the day 0.26% higher at $11.79, and magicJack VocalTec Ltd. (NASDAQ: CALL), which ended the day 10.26% higher at $17.95. On the economic front, a report from the National Association of Realtors showed that pending home sales rose 1.7% in November. Meanwhile, the Institute of Supply Management-Chicago reported that its index of Midwest business activity rose to 51.6 in December. European markets ended mostly lower earlier today, with the FTSE 100 Index in London closing 0.49% lower and the CAC 40 Index in Paris closing 1.47% lower. Asian markets ended mostly higher overnight, with the Nikkei 225 Index in Japan closing 0.70% higher, and the Hang Seng Index in Hong Kong closing 0.21% higher.
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

EBay considering spinning off Paypal: reportEBay considering spinning off Paypal: report
(Reuters) - EBay Inc is considering spinning out its fast-growing payments unit PayPal as soon as next year, news website The Information reported, citing sources. EBay shares were up 5 percent at $...
Ford tells U.S. dealers to stop selling some C-Max, Focus modelsFord tells U.S. dealers to stop selling some C-Max, Focus models
DETROIT (Reuters) - Ford Motor Co has told its U.S. dealers to stop test-driving and selling C-Max and Focus models produced during a week this month because of potential problems with the steering ge...
Honda to modify Fit to boost test score, calls back 12,000 carsHonda to modify Fit to boost test score, calls back 12,000 cars
DETROIT (Reuters) - The first 12,000 U.S. customers who bought the 2015 Honda Fit subcompact cars will be asked to have the vehicles retrofitted to attain top marks from the Insurance Institute for ...
U.S. existing home sales rise at fastest pace in 10 monthsU.S. existing home sales rise at fastest pace in 10 months
WASHINGTON (Reuters) - Americans resold their homes in July at the fastest pace in almost a year, a sign the housing market was gaining steam again after a year-long slump. The National Association ...
UK retail sales growth falls to eight-month low, public finances weakUK retail sales growth falls to eight-month low, public finances weak
LONDON (Reuters) - British retail sales grew in July at the slowest annual rate since November of last year, while the government failed to make much of an inroad into public borrowing, data showed ...

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.