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Updated from 4:13 p.m. EST
Stocks in New York took a sharp blow Wednesday, as earnings warnings, job cuts and another ethics scandal rattled investor confidence on Wall Street. Equities didn't suffer alone, however, as oil, gold and Treasury prices also were sent reeling.
The Dow Jones Industrial Average tumbled 245.4 points, or 2.7%, to 8769.7, and the S&P 500 fell 28.05 points, or 3%, to 906.65. The Nasdaq sank 53.32 points, or 3.2%, to 1599.06.
Tech stocks, which had led the gainers on Tuesday's advance, were at the forefront, alongside financials, of Wednesday's retraction. Microsoft (MSFT Quote) and Intel (INTC Quote) fell 6% apiece to $19.51 and $14.44, respectively. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
Oil *
77.05
|
|
UP
30.69
|
UP
4.98
|
UP
6.87
|
DOWN
0.38
|
10 Yr
3.28%
SPDR Gold
116.62
|
|
+0.29%
|
+0.45%
|
+0.32%
|
-1.15%
|
Data delayed 20 minutes |
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