US Stocks Touch Lowest Ground Since Late March
US stocks fell for a second day in a row yesterday as worries over the euro debt zone failed to subside. News of downgrade warning on Portugal and riots in Greece led to fears of the crisis continuing to escalate.
The Dow Jones Industrial Average closed at its lowest since March 31, after it slipped 59.94 points or 0.55%, to 10866.83. The Nasdaq Composite fell 21.96 points or 0.91%, to 2402.29. The S&P 500 closed at 1165.87, its lowest finish since March 25, down 7.73 or 0.66%.
Amongst DOW’s worst performers are Walt Disney (NYSE: DIS), which declined 1.25 points or 3.4% to $35.34, American Express (NYSE: AXP), which dropped 1.43 points or 3.1%, to $44.43 and General Electric (NYSE: GE), which fell $0.48 or 2.6%, to $18.10. Meanwhile, the energy sector led to the decline of S&P 500 as crude-oil futures fell below $80 a barrel, a decline of more than 3%. The industrial and consumer-discretionary sectors were also down and consumer staples and health care were the only two sectors that ended in positive territory.
Read more from Benzinga's Markets.
