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 reports. Reporter theres a new kid
An economic number tells investors the coast is clear. But this week the market has been tough to figure out. There were the paris attacks exactly one week ago and a fresh terror siege in mali today. More on that in a moment. And add to those jolts increasing fed chatter this week, pointing to not aInterest Rate hike less than a month from now. Usually not the best of recipes for stocks. Yet up stocks went today and this week, and by a lot. In fact, for the s p 500 this was the best week in more than a year. For the nasdaq the best since july. Here are the numbers. On the day the Dow Jones Industrials gained 91 points to close at 17,823. Nasdaq added 31 and finished at 5105. And the s p 500 rose 7 to end the day at 2089. For the week the industrials gained about 3. 4 . Nasdaq was up 3. 6 . And the s p 500 rose nearly 3. 3 . The dow and the s p are now positive for the year, joining nasdaq. Mark luchini joins us now to talk more about this weex stock market activity and what we can expe
An economic number tells investors the coast is clear. But this week the market has been tough to figure out. There were the paris attacks exactly one week ago and a fresh terror siege in mali today. More on that in a moment. And add to those jolts increasing fed chatter this week, pointing to not aInterest Rate hike less than a month from now. Usually not the best of recipes for stocks. Yet up stocks went today and this week, and by a lot. In fact, for the s p 500 this was the best week in more than a year. For the nasdaq the best since july. Here are the numbers. On the day the Dow Jones Industrials gained 91 points to close at 17,823. Nasdaq added 31 and finished at 5105. And the s p 500 rose 7 to end the day at 2089. For the week the industrials gained about 3. 4 . Nasdaq was up 3. 6 . And the s p 500 rose nearly 3. 3 . The dow and the s p are now positive for the year, joining nasdaq. Mark luchini joins us now to talk more about this weex stock market activity and what we can expe
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