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Thursday, 13 June 2013

Dow Closes Below 15000, Posts First 3-Day Losing Streak This Year

By: | Writer

Stocks finished near session lows in choppy trading Wednesday, with the Dow posting its first three-day losing streak this year, amid lingering worries of Fed tapering.

The Dow Jones Industrial Average tumbled 126.79 points, to close at 14,995.23, dragged by American Express and Home Depot. The index logged its first three-day losing streak this year.

The blue-chip index opened up more than 100 points but quickly erased its gains. The index swung in a wide 260-point range.

The S&P 500 declined 13.61 points, to end at 1,612.52. And the Nasdaq tumbled 36.52 points, to finish at 3,400.43.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, spiked above 18.


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