“Stocks were diving into the close on heightened eurozone debt contagion fears,” Andrea Tse reports for TheStreet.
“The Dow Jones Industrial Average was down 160 points, or 1.3%, to 11,936,” Tse reports. “The Nasdaq was off 39 points, or 1.5%, at 2,647. The S&P 500 was last down 18 points, or 1.5%, at 1240. ‘Stocks are selling off suddenly on Fitch saying that US Bank ratings are threatened by eurozone contagion,’ said Marc Pado, U.S. market strategist with Cantor Fitzgerald. This is ‘causing this spike lower.'”
Tse reports, “On Wednesday, oil prices climbed back above $100 a barrel for the first time since early June. The December crude oil contract gained $3.22 to finish at $102.59 a barrel.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
Can someone tell why this is on MDN? Has it just become a general news site. The article does not mention Apple in any way shape or form.
Likely because people might be wondering why AAPL fell abruptly shortly after 3pm ET today.
It’s here because it tells us that the ride down AAPL took in late afternoon trading has nothing to do with the company, but rather with larger economic forces. It’s perfectly appropriate to have such an article here.
What about having this news reported irks you so?
Yup.
Swoon as in fall in love or faint?
Yes.