News Column

US Stocks fall after market hit milestones

July 8, 2014



NEW YORK, Ramadan 10, 1435, Jul 7, 2014, SPA -- US Stocks were modestly lower Monday as investors prepared for the start of corporate earnings season. The market gave up some of its gains from late last week, which were driven partly by news of a surge in hiring last month, according to AP.

KEEPING SCORE: The Dow Jones industrial average lost 49 points, or 0.3 percent, to 17,019 as of 2:34 p.m. Eastern. The Standard & Poor's 500 index lost eight points, or 0.4 percent, to 1,977 and the Nasdaq composite fell 31 points, or 0.7 percent, to 4,455.

The Dow closed above 17,000 for the first time Thursday following the strong jobs report. U.S. financials markets were closed Friday for the Independence Day holiday.



--SPA

22:07 LOCAL TIME 19:07 GMT



All Rights Reversed for Saudi Press Agency Provided by SyndiGate Media Inc. (Syndigate.info).


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Source: Saudi Press Agency (Saudi Arabia)


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