News Column

Wall Street Has Its Worst Day in 2 Months

January 13, 2014

Associated Press

ap intense trader
The U.S. stock market had its worst day in two months Monday (AP)

Stocks have their worst day in two months
Associated Press (Published: 13-Jan 2014 1:10 PM, Received: 1:19:12 PM)
Word Count: 133

NEW YORK (AP) — The stock market is down the most in two months, continuing a weak start to the year.

The energy sector slumped as the price of crude oil declined.

Traders were also worried about more cuts in the Federal Reserve's stimulus program following remarks from policymaker at the central bank.

The Dow Jones industrial average lost 179 points, or 1.1 percent, to close at 16,257 Monday.

The Standard & Poor's 500 index fell 23 points, or 1.3 percent, to 1,819. The Nasdaq composite fell 61 points, or 1.5 percent, to 4,113.

Stocks are getting off to a poor start this year. The Dow is down 2 percent and has risen only twice in 2014.

Consumer discretionary and energy stocks fell the most in the S&P 500 index.

Bond prices rose.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Original headline: Stocks have their worst day in two months


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Source: Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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