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

Microsoft names next operating system 'Windows 10'Microsoft names next operating system 'Windows 10'
SAN FRANCISCO (Reuters) - Microsoft Corp said on Tuesday the next version of its operating system will be called Windows 10. The system, expected to be released next year, three years after its last...
Microsoft names next operating system 'Windows 10'Microsoft names next operating system 'Windows 10'
SAN FRANCISCO (Reuters) - Microsoft Corp announced its `Windows 10` operating system on Tuesday, skipping a number, to replace the largely unpopular Windows 8 from two years ago. The next version ...
Exclusive: U.S., Brazil close to ending cotton trade rift - ministerExclusive: U.S., Brazil close to ending cotton trade rift - minister
BRASILIA (Reuters) - The United States and Brazil are close to settling a decade-old trade dispute over cotton subsidies, Agriculture Minister Neri Geller told Reuters on Tuesday, in what would be t...
Airbus wins European approval for its new A350 jetAirbus wins European approval for its new A350 jet
PARIS (Reuters) - Planemaker Airbus won European safety approval on Tuesday for the A350, clearing the main regulatory hurdle before its newest and most technically advanced jet can start flying pas...
Venezuela-Exxon arbitration ruling due this week: sourcesVenezuela-Exxon arbitration ruling due this week: sources
HOUSTON (Reuters) - The World Bank arbitration tribunal will give its final ruling this week on a multi-billion dollar claim by Exxon Mobil Corp against Venezuela over a 2007 nationalization, legal so...

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.