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15 May 2014
Wall Street closes 2-day selloff
FXStreet (San Francisco) - US stocks market performed its second day sell off on Thursday as investors digested bad disappointing earnings and despite upbeat economic data; major indexes turned negative on the week.
The Dow and the S&P performed its biggest single day decline since April 10 while the Nasdaq closed down for third day and the Russell 2000 is official in a corrective movement after declining 10% from highs. 10-year yields break below the 2.50% psychology level for the first time since October 2013.
The Dow Jones declined 167.16 points or 1.01% to finish at 16,446.81; the S&P 500 lost 17.68 pts or 0.94% to close the day at 1,870.85; while the Nasdaq Composite eased 31.33 points or 0.76% to end the session at 4,069.29.
The Dow and the S&P performed its biggest single day decline since April 10 while the Nasdaq closed down for third day and the Russell 2000 is official in a corrective movement after declining 10% from highs. 10-year yields break below the 2.50% psychology level for the first time since October 2013.
The Dow Jones declined 167.16 points or 1.01% to finish at 16,446.81; the S&P 500 lost 17.68 pts or 0.94% to close the day at 1,870.85; while the Nasdaq Composite eased 31.33 points or 0.76% to end the session at 4,069.29.