Stock Market
Dow Turns in Worst August Since 2001
The $2.15 billion sale of AIG's(AIG) life insurance business in Taiwan hit a snag after the deal was rejected by regulators in the country. Shares of AIG traded 14 cents lower at $33.86.
Lions Gate Entertainment(LGF) was back in the headlines after Carl Icahn upped his bid for the firm at $7.50 per share. Lions Gate's stock was rose 9.6% to $7.11. In commodity markets, crude oil for October delivery plunged $2.78 to settle at $71.92 a barrel, and the December gold contract improved $11.10 to settle at $1,250.30 an ounce.
The benchmark 10-year Treasury note was up by 16/32, diluting the yield to 2.475%.
Meanwhile, the dollar was trading lower against a basket of currencies, with the dollar index down by 0.04%.
Overseas, Hong Kong's Hang Seng fell 1%, while Japan's Nikkei retreated 3.6%, its worst finish since April 2009. The FTSE in London went ahead by 0.5% and the DAX in Frankfurt gained 0.2%.
--Written by Sung Moss in New York
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.26
|
|
DOWN
74.92 |
DOWN
2.86 |
DOWN
1.85 |
DOWN
0.14 |
10 Yr
1.74%
SPDR Gold
152.68
|
|
-0.60%
|
-0.22%
|
-0.07%
|
-0.80%
|
Data delayed 20 minutes |
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