US STOCKS had their biggest fall in over a month yesterday as early enthusiasm from economic data faded and concerns about the violence in
The Dow Jones industrial average fell 119.13 points or 0.7 per cent, to end at 16,818.13 - its biggest drop since 20 May. The S&P 500 lost 12.63 points or 0.64 per cent, to 1,949.98. The Nasdaq Composite dropped 18.32 points or 0.42 per cent, to 4,350.36.
The S&P 500 climbed to 1,968.17, another intraday record, and then dropped around midday. The benchmark index had rallied for six straight days before ending Monday's session slightly lower.
Shares in US high street chemists
Biotech shares were a bright spot, buoyed by a 40.4 per cent surge in
Another ray of light was the consumer Confidence Index for June hit its highest level since
New home sales jumped 18.6 per cent in May to a six-year high of a seasonally adjusted rate of 504,000 units, new statistics showed.
Most Popular Stories
- Stop-Start Engines Save Gas, Reduce Emissions
- Pandora Tumbles in Late Trading
- World Tensions Don't Curb Enthusiasm for Stocks
- Ohio State Band Chief Fired After Probe
- Shia LaBeouf Plea Deal, Alcoholism Treatment
- Visa, Amazon Results Drag Down the Street
- U.K. Economy Surpasses Pre-Crisis Peak
- Hispanic Leader Goes the Extra Mile
- Sporty Ford Fiesta Fires on All 3 Cylinders
- Russia Fears Lasting Damage From Ukraine Crisis