US Stocks Fall On Worrisome Signs From China

US Stocks Fall On Worrisome Signs From China
Market News
Like Us On Facebook
Like Us On Facebook

Concerns about the Chinese economy are driving stocks lower at midday. The Dow Jones industrial average is down 72 points at 13,167. The Standard & Poor’s 500 index is lower by eight at 1,402. The Nasdaq composite index is off 21 points at 3,058.

Asian stocks fell sharply Monday after a report that home prices dropped in 45 Chinese cities last month. Economic growth in China has helped sustain the struggling world economy.

On Wall Street, bank and consumer products stocks are higher. Most of the rest of the market is lower.

Associated Press

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In Market News

News Preston Waters

Stocks Off to Stellar Start in May

Stocks were kicking off May in high style Tuesday, posting sharp gains after a much better-than-expected report on U.S. manufacturing activity. The Dow Jones Industrial Average was rising 103 points, or 0.8%, at 13,317, after hitting a four-year high at 13,338. The S&P 500 was up 14 points, or 1%, at 1413, and the Nasdaq was adding 23 points, or 0.7%, at […]

News Preston Waters

Bank Of America, JPMorgan: Dow Midday Movers

U.S. stocks were rising in midday action Tuesday following a better-than-expected read on U.S. manufacturing activity.The Dow Jones Industrial Average was up more than 116 points, or 0.9%, at 13,330. The biggest percentage gainers within the Dow were Bank of America (BAC), JPMorgan Chase (JPM) and Intel (INTC). Shares of Bank of America rose 2.59% to $8.32. The bank said Tuesday it plans to lay […]

News Preston Waters

Monster Stocks Soar Amid Rumors Coca-Cola Is Set To Buy Energy Drink

Monster Beverage Corp’s shares soared on Monday following a report that Coca-Cola Co. was considering buying the energy drink maker. The Wall Street Journal cited unnamed people in reporting that the world’s biggest soft drink maker was in talks to buy Monster. If a deal transpired, Monster would be Coca-Cola’s largest brand acquisition ever. Monster declined […]

News Preston Waters

Stocks Surge After Strong Manufacturing Report

Stocks were surging in morning action Tuesday after a much better-than-expected report on the pace of national manufacturing activity in April.The Dow Jones Industrial Average was rising 80 points, or 0.6%, at 13,294. The S&P 500 was up 12 points, or 0.8%, at 1410, and the Nasdaq was adding 29 points, or 1%, at 3075. Stocks finished modestly lower Monday, marking […]

News Preston Waters

Bank Of America Keeps Shrinking

Bank of America (BAC)’s plan to lay off some of its highest-paid executives looks like the right response to the current banking environment. The Wall Street Journal reported Tuesday the bank will cut 2,000 positions in its investment banking, commercial banking and non-U.S. wealth-management units targeting “the high-earning employees whose efforts helped Merrill Lynch account for the bulk of […]

News Preston Waters

Stock Market Story: May 1

The first trading day of May got off to a mixed start early Tuesday with all three major U.S. equity indices honing to close to the flat line ahead of a key report on the pace of U.S. manufacturing activity in April. The Dow Jones Industrial Average was down 9.5 points, or 0.07%, at 13,204.The S&P 500 was up less than a […]

Also On Elite

Film

It’s Not Magic, It’s Science: ‘Harry Potter’ Can Help Reduce The Biases Held By Children

Good news “Harry Potter” fans! According to science, the “Harry Potter” books help reduce the prejudices of children. A new study published in the Journal of Applied Psychology has found that J.K. Rowling’s books can significantly improve kids’ perceptions of immigrants and homosexuals. The books apparently help children understand the perspective of marginalized groups as […]

Entertainment

Take A Note From Naya Rivera And Find Positivity In Your Heartbreak

Sometimes, the devastation that follows heartbreak is downright unbearable. The tears might stop, but pits in our stomachs remain, plans seem shattered, and no amount of loyal friendship or junk food and dubious amounts of alcohol quell the pain. Sometimes, however, from this pain comes something even greater. Often, we become so wrapped up in […]

Envision

25 Bridesmaids That Prove The Bride Isn’t Always The Star Of The Wedding

Let’s face it, bridesmaids have a tough job! No, seriously, they do. I could only imagine how difficult it is to be given such a title at a wedding and then have to remain somewhat in control of yourself throughout the reception. There’s plenty of room for error when the bride-to-be trusted you enough to […]

Goods

Look How Times Have Changed Since The Release Of The Game Boy 25 Years Ago

In case you were unaware, today marks the Nintendo Game Boy’s 25th birthday. You might not have noticed how much time has passed since that lifesaver of a device, aka the boredom-killer, was introduced to North America. It’s pretty insane to take a look back at the electronic timeline and check out what’s come out […]

Videos

Coolio Is Teaming Up With PornHub, And Thankfully, It’s Not A Sex Tape

The rap legend is making a comeback with a new music video filled with garden hoses, twerking, wet t-shirts, a weird hat with reindeer antlers on it and talent provided by PornHub. PornHub will provide hot women for “Take it to the Hub” — that’s the name of the song —  in exchange for Coolio […]