This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Markets Hustle: Stocks Drop as Signs of Slowing Growth

Stocks in this article: DJI GSPC IXIC FB TWTR FSLR

NEW YORK (TheStreet) -- U.S. markets traded lower Monday as investors sold shares on signs of economic softness while digesting mixed growth signals from China.

  • The S&P 500 fell 0.25% to 1,826.77, while the Dow Jones Industrial Average was off 0.27% to 16,425.10. The Nasdaq closed 0.44% lower at 4,113.68.

  • The Institute for Supply Management's December services sector report fell to 53 from 53.9 in the prior month, a report showed today. Expectations had been for a result of around 54.7. On the flipside, U.S. factory orders rose 1.8% in November, narrowly topping estimates for around 1.7%. 

  • JP Morgan (JPM) is expected to announce this week that it will pay more than $2 billion for its alleged failure to warn over the Madoff fraud scheme. This would bring the bank's penalties to $20 billion to settle investigations over the past year. It's shares were rising 0.60% on Monday. Twitter (TWTR) shares fell 3.9% to $66.33 after Morgan Stanley said investors should sell following the stock's rally.

  • S&P Winner & Loser: First Solar (FSLR) was the worst performing stock in the S&P 500, falling 9.7% to $51.26 after being cut to a 'sell' by Goldman Sachs. Facebook  (FB) was the top percentage gainer in the index, climbing 4.8% to $57.20.

  • The Senate is expected to confirm Janet Yellen's appointment as Federal Reserve chair at around 5:30 p.m. on Monday.

  • HSBC/ Markit Economics' purchasing managers' index for services industries in China showed a drop to 50.9 in December, its lowest level since August 2011. Slowing manufacturing activity in China were indicated in reports last week.

  • The upturn in the eurozone private sector economy gained momentum in December, according to Markit.

  • Germany's DAX was off 0.08% while the FTSE was largely flat. The Nikkei closed down 2.35% - it's largest drop in over two months - as investors took profits on large caps stocks and a stronger currency hurt exporters. The Hang Seng finished 0.58% lower.

  • Minutes of the December Fed meeting will be released on Wednesday. November international trade numbers will be released on Tuesday.

-- By Jane Searle and Joe Deaux in New York


Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs