Sunday, July 13, 2014

Stocks indexes slide following gloomy IMF forecast

February 17. 2013 8:45AM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) Stocks are sliding following another weak forecast of global economic growth and poor expectations for U.S. corporate earnings.

The Dow Jones industrial average was off 101 points at 13,482 at midday Tuesday.

The Standard & Poor's 500 index lost 13 points to 1,443 and the Nasdaq composite gave up 47 points to 3,064.

The slide comes on the five-year anniversary of record high closes for the Dow and S&P 500. On Oct. 9, 2007, the Dow closed at 14,164 and the S&P at 1,565.

After the closing bell, Alcoa becomes the first major U.S. company to report third-quarter results. Investors expect overall earnings to decline for S&P 500 companies.

The International Monetary Fund says the global economy is weakening and that the downturn afflicting developing nations has begun to spread.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds