Not at all for december across most of the country. But inside trading rooms and portfolio offices from boston to berkeley, from minneapolis to miami, it sure felt frigid this week. Stocks logged their biggest weekweek ly decline since the summer months, august. Send the children out of the room, folks. Here are the numbers and theyre ugly. The dow industrial averages tumbled 309 points to 17,265. Nasdaq off more than 2 down triple digits. 111 points. And the s p 500 gave back 39. For the week all three indexes were more than 3 lower. One of the main reasons for the decline, of course, oil. Domestic crude off another 3 today to 35. 62. A sevenyear low. After the International Energy agency warned of a continuing supply glut. For the week prices were down 11 . Thats oils worst week of the year. And as if that wasnt enough, investors learned today that a junk Bond Mutual Fund is barring investor withdrawals while it liquidates, sending a chill through the credit markets. Dominic chu repo
Not at all for december across most of the country. But inside trading rooms and portfolio offices from boston to berkeley, from minneapolis to miami, it sure felt frigid this week. Stocks logged their biggest weekweek ly decline since the summer months, august. Send the children out of the room, folks. Here are the numbers and theyre ugly. The dow industrial averages tumbled 309 points to 17,265. Nasdaq off more than 2 down triple digits. 111 points. And the s p 500 gave back 39. For the week all three indexes were more than 3 lower. One of the main reasons for the decline, of course, oil. Domestic crude off another 3 today to 35. 62. A sevenyear low. After the International Energy agency warned of a continuing supply glut. For the week prices were down 11 . Thats oils worst week of the year. And as if that wasnt enough, investors learned today that a junk Bond Mutual Fund is barring investor withdrawals while it liquidates, sending a chill through the credit markets. Dominic chu repo
In delivering on what we said we would do. We cant control how mr. Putin thinks, but what we can do is say to mr. Putin, if you continue on the path of arming separatists with heavy armaments that evidence suggests may have resulted in 300 innocent people on a jet dying and that violates International Law and undermines the territorial integrity and sovereignty of ukraine, then youre going to face consequences that will hurt your country. And there was a lot of skepticism about our ability to coordinate with europeans for a strong series of sanctions. And each time we have done what we said we would do, including this week when we put in place sanctions that have an impact on key sectors of the russian economy, their energy, their defense, their financial systems. It hasnt resolved the problem yet. I spoke to mr. Putin this morning, and i indicated to him, just as we will do what we say we do in terms of sanctions, well also do what we say we do in terms of wanting to resolve this issu
Investors a big lift. In the first Historic Deal fridays initial public Stock Offering for alibaba officially became the biggest ipo in history. Raising a total of 25 billion for the chinese ecommerce giant. Now thats because initial demand for shares was so great with the stock surging 38 in its debut, an additional 48 million options on shares were sold by underwriters putting alibaba into the history books. Now the other recordbreaking news came from apple. It sold more than 10 million iphone 6 and iphone 6 plus iphones in just the first three days of sales. Its biggest Product Launch ever. With demand for the phone exceeding expectation, how many more new smartphones can ap el sell . And is the iphone 6 the hit that apple needed . Josh lipton reports. Reporter apples ceo tim cook says that the new iphone 6 and iphone 6 plus represent the biggest advancement in the history of iphones. A lot of consumers seem to share in that excitement. Apple says it sold 10 million iphone 6 and iph
Investors a big lift. In the first Historic Deal fridays initial public Stock Offering for alibaba officially became the biggest ipo in history. Raising a total of 25 billion for the chinese ecommerce giant. Now thats because initial demand for shares was so great with the stock surging 38 in its debut, an additional 48 million options on shares were sold by underwriters putting alibaba into the history books. Now the other recordbreaking news came from apple. It sold more than 10 million iphone 6 and iphone 6 plus iphones in just the first three days of sales. Its biggest Product Launch ever. With demand for the phone exceeding expectation, how many more new smartphones can ap el sell . And is the iphone 6 the hit that apple needed . Josh lipton reports. Reporter apples ceo tim cook says that the new iphone 6 and iphone 6 plus represent the biggest advancement in the history of iphones. A lot of consumers seem to share in that excitement. Apple says it sold 10 million iphone 6 and iph