Wednesday February 22nd, 2012
The Big Idea
The fertilizers continue to grow on us. Bob Lang from Real Money Pro tells you why POT, MOS, AGU, and CF are his favorite ideas for 2012.
What's New
Stocks Slip on Greece Uncertainty
February 22, 2012 4:43 PM ET
U.S. stocks slipped Wednesday following weak manufacturing reports from overseas and uncertainty over whether Greece can implement its debt deal.
The Dow Jones Industrial Average closed down 27.5 points, or 0.2%, at 12,938. The S&P 500 was behind by 4.6 points, or 0.3%, at 1358. The Nasdaq fell 15.4 points, or 0.5%, at 2933.
The Dow continued its retreat from Tuesday when it reached 13,000 on an intraday basis for the first time since May 2008. Corporate earnings season is also drawing to an end, removing some potential headline momentum from the market.
Stocks Fall on Global Manufacturing Data
February 22, 2012 12:17 PM ET
U.S. stocks were falling Wednesday as investors weighed bleak manufacturing data from Europe and China against a strong reading on the U.S. housing market.
The Dow Jones Industrial Average was off 30.2 points, or 0.2%, at 12,935. The S&P 500 was behind by 4 points, or 0.2%, at 1358. The Nasdaq was falling 12 points, or 0.4%, at 2936, down for the third day.
Two reports from Markit Economics on manufacturing activity in Europe and China were weighing on sentiment. Eurozone business activity dipped to 49.7 in February from 50.4 in January according to Markit Economics' purchasing managers index. Analysts had expected an increase to 50.6. Any reading below 50 suggest economic contraction.
Stocks Slump on Tepid Chinese, European Manufacturing Data
February 22, 2012 9:49 AM ET
U.S. stocks opened in the red Wednesday following tepid manufacturing reads from Europe and China.
The Dow Jones Industrial Average was off 10.4 points, or 0.08%, at 12,955. The S&P 500 was behind by 2 points, or 0.2%, at 1360. The Nasdaq was falling 7.7 points, or 0.3%, at 2940.
Two reports from Markit Economics on manufacturing activity in Europe and China were weighing on sentiment. Eurozone business activity dipped to 49.7 in February from 50.4 in January according to Markit Economics' purchasing managers index. Analysts had expected an increase to 50.6. Any reading below 50 suggest economic contraction.
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