By: Javier E. David | Special to CNBC.com
Stocks
fell in listless Thursday trading, as a batch of disappointing
corporate earnings and a rise in first time jobless claims eventually
overtook investors' impulse to buy.
In directionless trading, the Dow Jones Industrial Average ended the session down about 44 points, hovering near 13,865. The S&P 500 Index fell by about four points, finishing a hair below the key level of 1,500, while the the Nasdaq was fractionally lower at 3,142.
Still, the beneficial "January effect" that originally had the Dow flirting with a new high above 14,000 helped the index gain six percent this month. The S&P has gained five percent during January, with the Nasdaq rising four percent. Blue chips posted their best monthly gain since October 2011, and the S&P had its best January performance since 1997.
In directionless trading, the Dow Jones Industrial Average ended the session down about 44 points, hovering near 13,865. The S&P 500 Index fell by about four points, finishing a hair below the key level of 1,500, while the the Nasdaq was fractionally lower at 3,142.
Still, the beneficial "January effect" that originally had the Dow flirting with a new high above 14,000 helped the index gain six percent this month. The S&P has gained five percent during January, with the Nasdaq rising four percent. Blue chips posted their best monthly gain since October 2011, and the S&P had its best January performance since 1997.
Posts
No comments:
Post a Comment