Dow Down Triple Digits: DJIA Market Close for Thursday, August 23, 2012

The Dow closed down -115.30 (-0.88%) at 13,067.46.

There were only two Dow winners today, KFT and PFE. AT&T (T) was unchanged. All the rest were looossers…….

Hewlett-Packard (HPQ) was the biggest loser, dropping more than 8%. The tech firm delivered disappointing sales and revenue forecasts after the close yesterday.

The Census Bureau reported new home sales rose 3.6% to a seasonally adjusted annual rate of 372,000 in July. Better than the 368,000 economists had expected.

The dollar was down against the euro and Japanese yen, but was up against the British pound.

Oil for October delivery slipped 99 cents to $96.27 a barrel.

Gold futures for December delivery jumped $32.30 to $1,672.80 an ounce.

The price on the benchmark 10-year U.S. Treasury slipped, pushing the yield up to 1.72% from 1.68% late Wednesday.

Tomorrow before the open, notable stocks expected to report earnings include MSG and SOL.

Both comments and pings are currently closed.

Comments are closed.

Warning: Invalid argument supplied for foreach() in /home/customer/www/ on line 2740