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

REFILE--Microsoft's Xbox One sales cross 5 millionREFILE--Microsoft's Xbox One sales cross 5 million
(Refiles to remove extraneous word URGENT from the headline) SAN FRANCISCO, April 17 (Reuters) - Microsoft Corp has sold over 5 million Xbox One video game consoles to retailers since its launch in ...
Weibo debut highlights complicated dance with Chinese censorsWeibo debut highlights complicated dance with Chinese censors
SAN FRANCISCO/HONG KONG (Reuters) - Weibo Corp executives on Thursday toasted the Chinese social media firm`s debut at Nasdaq`s New York headquarters. Hours earlier in Beijing, Charles Xue, a Chines...
Wall St Week Ahead-Spring fever brings hope for U.S. earningsWall St Week Ahead-Spring fever brings hope for U.S. earnings
NEW YORK, April 17 (Reuters) - Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy...
Japan Inc resilient in face of sales tax rise: Reuters pollJapan Inc resilient in face of sales tax rise: Reuters poll
TOKYO (Reuters) - Japanese companies have weathered the first days of a rise in the country`s consumption tax, with sales resilient and pricing power little damaged, a Reuters poll showed on Friday,...
Patent lawsuit against Google to be fought in California -rulingPatent lawsuit against Google to be fought in California -ruling
SAN FRANCISCO, April 17 (Reuters) - A federal judge in California on Thursday rejected a request by patent consortium Rockstar to transfer patent litigation against Google Inc to Texas, according to a...

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.