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 they re 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 seven-year low. after the international energy agency warned of a continuing supply glut. for the week prices were down 11%. that s oil s worst week of the year. and as if that wasn t enough, investors learned today that a junk bond mutual fund is barring investor withdrawals while it liquidates, sending a chill through the credit markets.
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 they re 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 seven-year low. after the international energy agency warned of a continuing supply glut. for the week prices were down 11%. that s oil s worst week of the year. and as if that wasn t 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 reports. reporte
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 they re 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 seven-year low. after the international energy agency warned of a continuing supply glut. for the week prices were down 11%. that s oil s worst week of the year. and as if that wasn t enough, investors learned today that a junk bond mutual fund is barring investor withdrawals while it liquidates, sending a chill through the credit markets.
let s get to our roadmap this morning right back here in the good old us of a. twitter major concerns over user growth sending shares down sharply after the social network s first earnings report as a public company. while twitter is slumping green mountain coffee seeing plenty of green, rallying after coke agreed to take a 10% stake in the company and help launch an at-home cold beverage system. shares of gm down a bit this morning after earnings and revenue were well below wall street estimates, although restructuring maybe a part of that. gm january sales also fell 12%. that was thanks in large part to what they said was the bad weather. of course we had that news earlier this week. all right, let s start with twitter. shares are down sharply. let s see. right here i got 51.26, 51.34 bid despite posting better-than-expected fourth quarter results in its first financial report as a company. concerns about the user growth is weighing on the stock. twitter said it averaged
you have questions and we have answers. i ended last night s show with an economic forecast of sorts. i called it gently cloud and while i would not be using my umbrella just yet i would consider carrying one with me just in case. well, just in case happened today. the southbound 500 fell as much as 2.9%. the dow lost 460 points. it s biggest single day point drop in three years. the dow swung 600 points in two hours. it finally closed 173 points lower for the day. when you re relieved that the dow is just down 173 points. what was it this point? was the slowing economy? ripe for prophet taking? the possibility of a recession in europe triggered by the conflict between russia and ukraine. the seemingly endless threat of terrorism or another person infected in the united states with ebola. it could be some, all or none. if you don t know why this is happening you can t protect yourself. over the course of the next hour i will speak with economists and public health experts.