From Bloomberg: U.S. stocks fell, putting the Standard &
Poor’s 500 Index on pace for its worst month since September, after a gauge of
pending home sales dropped by the most in a year and concern that Greece will
leave the euro grew.
A measure of homebuilders in S&P indexes sank 4.2
percent. Caterpillar Inc. (CAT) and Chevron Corp. (CVX) dropped at least 2.2
percent to pace losses in the largest companies. Morgan Stanley and Citigroup
Inc. (C) slid more than 3.3 percent. Research In Motion Ltd. (RIMM) fell 6.9
percent after forecasting a surprise operating loss and hired banks to advise
on strategic options. Facebook Inc. (FB) lost 0.1 percent after yesterday’s 9.6
percent slump.
The S&P 500 retreated 1.2 percent to 1,315.99 at 11:46
a.m. New York time. The benchmark gauge has fallen 5.9 percent so far in May.
The Dow Jones Industrial Average slipped 146.98 points, or 1.2 percent, to
12,433.71 today. Trading in S&P 500 companies was down 14 percent from the
30-day average at this time of day....
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