New York, September 18 (FinanceEnquiry.com) – Subsequent a latest indication of a deceleration in the US economy and uncertainties over grapple of Europe to maintain its currency union intact, stocks declined further on September 17 after surging over four days to near highs of pre-recession.
Even though scarcely, still all three most important indexes were down. The Dow Jones industrial average dropped down to 13,553.10 by 40.27 points, or 0.3 percent. The NASDAQ composite shed to 3,178.67 by 5.28 and similar to this, the Standard & Poor’s 500 dropped down to 1,461.19 by 4.58.
Touching a new up, Apple Inc (NASDAQ: AAPL) grew to $699.78 by $8.50. It also informed that early sales for its latest iPhone 5 that would be available soon after this week are actually running at double the price for its prior model of the phone.
Stocks of Energy dropped 0.8 percent. Furthermore, touching the largest decrease after late July, Benchmark crude slipped to $96.62, a loss of $2.38, or 2.4 percent. Subsequent lower markets of abroad countries, stocks skidded after the opening bell. If to see the scenario in Europe, then it will be found that benchmark indexes descended by 0.8 percent and 0.9 percent in France and Italy, respectively.
With 4 percent of its record high of 14,164 nearly five years ago, on October 9, 2007, the Dow Jones industrial average arrived post the surge in the US stocks last week. The general business conditions index declined by five points to minus 10.4 and the new orders index dropped down by nine points to minus 14.0.
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