US STOCKS fell yesterday, giving the Dow and the S&P 500 their worst declines in more than a month, as smallcap shares extended their retreat and
The Russell 2000 index of smallcap stocks lost 0.7 per cent, well off its session low where it hit correction territory, down more than 10 per cent from its early March record close of 1,208.65. It ended down 9.3 per cent from that high.
The Dow Jones industrial average fell 167.16 points or 1.01 per cent, to end at 16,446.81.
The S&P 500 lost 17.68 points or 0.94 per cent, to 1,870.85. The Nasdaq Composite dropped 31.33 points or 0.76 per cent, to 4,069.29.
With the Dow and the S&P 500 near record highs, the Russell 2000's move raised concern about the strength of the broader market.
Yesterday marked the second day of losses the three major US stock indexes.
The world's largest retailer forecast second-quarter profit below analysts' estimates.
The S&P 500 briefly traded below technical support, its 50-day moving average, but ended above that level.
Most Popular Stories
- Homeowners More Satisfied With Mortgage Servicers
- Discounts Help U.S. Auto Sales Sizzle in July
- Russia, Ukraine Now Face Off Over Football Clubs
- Colorado Issuing Immigrant Driver's Licenses
- Fiat Looks Abroad After Chrysler Merger Vote
- MassMutual Teams Up With ALPFA
- Chrysler U.S. Sales in July Hit 9-Year High
- Recruiting and Keeping the Perfect Employee
- Obama Vows to Veto House Immigration Bill
- Dow Wipes Out Gains for the Year: What Happens Now?