Energy Stocks Lead Wall Street Sharply Lower
Originally published on Fox Business.
FOX Business: The Power to Prosper
The markets took heavy losses for a second day in a row after signs that the U.S. economic expansion is losing momentum spooked traders.
As of 11:16 a.m. ET, the Dow Jones Industrial Average fell 88.3 points, or 0.71%, to 12330, the S&P 500 slid 13 points, or 0.99%, to 1300 and the Nasdaq Composite dropped 32.6 points, or 1.2%, to 2804.
It has been a rough month for Wall Street, with the Dow and S&P 500 on track to take the biggest loss on a percent basis since September 2011. In a sign of the anxiety, the yield on the U.S. 10-year Treasury fell to its lowest level on record at 1.538%.
Traders got a glimpse of how the world's biggest economy is faring on Thursday.
Continue reading this article here.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.