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 2015 the year you get RICH!

Latest Headlines

Judge puts GM ignition-switch lawsuits on ice, for nowJudge puts GM ignition-switch lawsuits on ice, for now
NEW YORK (Reuters) - A U.S. bankruptcy judge on Wednesday put on hold dozens of lawsuits accusing General Motors Co <GM.N> of concealing an ignition-switch defect while plaintiffs in those cas...
With 'attitude shift', Takata moves from denial to compromise in air bag crisisWith 'attitude shift', Takata moves from denial to compromise in air bag crisis
BEIJING (Reuters) - Japan`s Takata Corp, which for months resisted U.S. regulators` demands to widen a recall over its potentially lethal air bags, has had an "attitude shift" and is in a mood to co...
JPMorgan CEO faults company and shareholders for disagreementsJPMorgan CEO faults company and shareholders for disagreements
NEW YORK (Reuters) - JPMorgan Chase & Co <JPM.N> officials have not done enough to show how well the company is run, Chairman and CEO Jamie Dimon said on Wednesday, after one-third of shareh...
Is Nike Involved In The FIFA Corruption Scandal?Is Nike Involved In The FIFA Corruption Scandal?
Soccer fans across the globe were treated to a fresh round of scandals as several senior FIFA officials and executives of sports management companies were arrested on suspicion of receiving bribes tot...
Airbus wins board spat with Spain, to renew CEOAirbus wins board spat with Spain, to renew CEO
AMSTERDAM (Reuters) - Airbus Group <AIR.PA> faced down a revolt by government shareholders over a board appointment and invited its chief executive to stay on until 2019 as Europe`s largest ae...

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
swing trades FREE Swing Trade Ideas Clear, simple swing trades.
small cap swing trades Futures Day Trading System S&P + Crude Oil Signals
Autotrading Autotrade Stocks Try for Free!