News > Business News
Stock Market Plunges on Thursday
7:35AM Friday
August 1, 2014(NEW YORK) --The stock market plunged Thursday, wiping out all of the gains this month.
The Dow Jones Industrial Average closed down 317.06 points to 16,563.30. The Nasdaq fell 93.13 points to 4,369.77, and the S&P 500 dropped 39.40 points to 1,930.67.
This follows weak earnings at companies like Exxon Mobil, Yum Brands, and Whole Foods.
Investors may also be worried about tension with Russia, fighting in Gaza, or debt in Argentina.
Source:
http://www.wgowam.com/common/more.php?m=58&ts=1406895604&article=57B7BB5918F611E4B51EFEFDADE6840A&mode=2
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[wikipedia]
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"... the Dow is among the most closely watched U.S. benchmark indices tracking targeted stock market activity."
http://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average
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The Nasdaq is the LARGEST STOCK EXCHANGE IN US.
COMMENT
This sounds exciting.
No idea about stock market, but 'stock market plunge' doesn't sound too good.
Most of news sources I looked at online seem to be focused on the 200,000 jobs gained. Putting a positive spin on the stockmarket losses?
That's what I'm guessing -- but I have next to zero knowledge. LOL.