Wednesday 14 August 2013

INQUIRER.net: US stocks fall on economic concerns

INQUIRER.net
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US stocks fall on economic concerns
Aug 14th 2013, 23:52

NEW YORK CITY—US stocks Wednesday closed lower after anemic inflation data and a disappointing earnings report from Macy's suggested economic weakness.   At the closing bell, the Dow Jones Industrial Average was down 113.51 (0.73 percent) at 15,337.50.   The broad-based S&P 500 fell 8.80 (0.52 percent) to 1,685.36, while the tech-rich Nasdaq Composite Index gave up 15.17 (0.41 percent) at 3,669.27.   Art Hogan, head of product strategy at Lazard Capital Markets, said flat producer prices in July and Macy's disappointing performance suggested a picture of weaker US economic growth.    ...

Keep on reading: US stocks fall on economic concerns

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