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

Music

These Impersonations Of Iggy Azalea’s ‘Black Widow’ Are Better Than The Actual Song (Video)

Back in June, we brought you Mason Sperling and Danny Padilla’s improv impersonations video of Iggy Azalea’s “Fancy.” Today, we bring you their most recent video following Azalea’s progress. This time, the song to go alongside the impersonations is Iggy and Rita Ora’s new song, “Black Widow,” which dropped last week. Sperling and Padilla asked viewers to […]

Humor

This Has To Be, Hands Down, The Craziest Sext Of All Time (Photo)

By now, it’s well established that sexting is a pretty awful idea. Rarely does it go the way you want it to. And so very often do ridiculous sexts make their way onto the Internet for the whole world to see. Basically, sexting is a losing battle, so we should probably all stop doing it. […]

World

Insane-Looking Deep Sea Creature Is Pretty Much An Underwater Chainsaw (Video)

No, you’re not watching a clip from a science fiction film. A team of deep explorers from Nautilus Live expedition discovered this real, rare, purple siphonophore hanging out in the depths of the ocean. This video shows even the most experienced of deep dwellers having a hard time accepting this creature as a living thing. But it is. […]