1 Dec 2014
US stocks fell as investors faced news after Thanksgiving weekend
FXStreet (San Francisco) - Wall Street declined on Monday as investors digested falling oil and gold prices over the weekend plus a poor economic data in China. In addition, market was hit by news that holiday shopping was lower than expected.
However, oil crude surged over 4% to perform its best day in 2 years to $69.40; Gold bounced at 1,142.80 to recover the 1,200 area and peak to 1,120 in an epic return. Brazil Ibovespa index collapsed 4.4% to 52,276.58 as investors are concerned about the problems policymakers will face in a debt to GDP ratio fixing amid public finances in a stagnant economy.
The Nasdad led the losses pressured by Apple's shares that had a flash crash in the opening bell. Russell 2000 dropped 19.18 pts or 1.63 to 1,154.05.
All sectors finished Monday on the negative field. Industrials (-1.46%), Telecommunications (-1.32%), and Consumer Discretionary (-1.29%) led the declines. Among others, bigger winners were $XOM (+2.0%), $CVX (+2.63%) and $MSFT (+1.69%); top losers were $BABA (-5.06%), $AAPL (-3.25%) and $FB (-3.35%).
Early in the day, Apple shares $AAPL collapsed sharpy in volatile early trading as the unit fell as much as 6.4% before bouncing to 116.00 before closing around 115.00.
The Dow Jones declined 51.44 points or 0.29% to finish at 17,776.80; the S&P 500 lost 14.12 ps or 0.68% to 2,053.44; while the Nasdaq Composite finished at 4,727.35 after falling 64.28 pts or 1.34% on the day.
However, oil crude surged over 4% to perform its best day in 2 years to $69.40; Gold bounced at 1,142.80 to recover the 1,200 area and peak to 1,120 in an epic return. Brazil Ibovespa index collapsed 4.4% to 52,276.58 as investors are concerned about the problems policymakers will face in a debt to GDP ratio fixing amid public finances in a stagnant economy.
The Nasdad led the losses pressured by Apple's shares that had a flash crash in the opening bell. Russell 2000 dropped 19.18 pts or 1.63 to 1,154.05.
All sectors finished Monday on the negative field. Industrials (-1.46%), Telecommunications (-1.32%), and Consumer Discretionary (-1.29%) led the declines. Among others, bigger winners were $XOM (+2.0%), $CVX (+2.63%) and $MSFT (+1.69%); top losers were $BABA (-5.06%), $AAPL (-3.25%) and $FB (-3.35%).
Early in the day, Apple shares $AAPL collapsed sharpy in volatile early trading as the unit fell as much as 6.4% before bouncing to 116.00 before closing around 115.00.
The Dow Jones declined 51.44 points or 0.29% to finish at 17,776.80; the S&P 500 lost 14.12 ps or 0.68% to 2,053.44; while the Nasdaq Composite finished at 4,727.35 after falling 64.28 pts or 1.34% on the day.