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| Subject: U.S. stocks fall after streak higherTuesdayMarch 20th 2012 | |
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Author: Equities and commodities around the globe fell==week 12 |
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Date Posted: 09:28:18 03/20/12 Tue U.S. stocks fall after streak higher Stories You Might Like •Sponsored: this site Peyton Manning blew it by picking Broncos •Sponsored: this site Tax credits you won’t want to miss •Sponsored: DailyFX Buy the Dip and Sell the Rally [?]19 Comments Share Digg Yahoo! Buzz MySpace del.icio.us Reddit LinkedIn Fark StumbleUpon Newsvine newPortfolio Relevance LEARN MOREWant to see how this story relates to your portfolio? Just add items to create a portfolio now: XAddDow Jones Industrial Average (DJIA)XAddDAX Performance Index (DAX)Add Create Portfolio or Cancel Already have a portfolio? Log In By Kate Gibson, MarketWatch NEW YORK (MarketWatch) — U.S. stocks fell Tuesday, with the S&P 500 retreating after a three-session advance that had the index near a four-year high. The market’s decline isn’t surprising given “we had such an incredible run-up and were moving toward historic highs,” said Carol Pepper, chief executive officer of Pepper International, an investment advisory in New York. ‘History will show Ben Bernanke did a good job.’ Carol Pepper, Pepper International The Dow Jones Industrial Average /quotes/zigman/627449 DJIA -0.50% fell 72.69 points, or 0.6%, to 13,166.44, with heavy-equipment maker Caterpillar Inc. /quotes/zigman/221644/quotes/nls/cat CAT -2.46% weighing the most, off 2.2%. Walt Disney Co. /quotes/zigman/245568/quotes/nls/dis DIS -0.46% shares also weighed, down 0.8%, after the entertainment company said it expects science-fiction film “John Carter” to lose about $200 million. Off the blue-chip benchmark, shares of Lions Gate Entertainment Corp. /quotes/zigman/242371/quotes/nls/lgf LGF +3.22% rose 2.4% ahead of the company’s release of “The Hunger Games” movie. Click to Play China's economy spooks marketsInvestors fret over prospects for an economic slowdown in China. (Photo: STR/AFP/Getty Images.) Bank of America Corp. /quotes/zigman/190927/quotes/nls/bac BAC +2.50% led gains that included just three of the Dow’s 30 components, its shares up 2% after the company said it would not issue more equity in a secondary offering. “Banks, having just passed the scary stress tests, are being allowed to issue dividends,” noted Pepper. The S&P 500 /quotes/zigman/3870025 SPX -0.49% declined 7.88 points, or 0.6%, to 1,401.87, with energy and industrial companies slipping the most among its 10 industry groups. Financials fared best. The Nasdaq Composite /quotes/zigman/123127 COMP -0.70% shed 20.82 points, or 0.7%, to 3,057.50. For every share advancing more than two fell on the New York Stock Exchange, where 240 million shares traded by 11:40 a.m. Eastern. Oil prices fell, with crude futures /quotes/zigman/2203138 CLJ2 -1.63% for April delivery down $1.94 at $106.22 a barrel on the New York Mercantile Exchange. Equities and commodities around the globe fell after China raised fuel prices for a second time in less than six weeks, and mining company BHP Billiton Ltd. /quotes/zigman/270355/quotes/nls/bhp BHP -3.56% said China’s steel production was slowing. The Commerce Department reported housing starts fell last month while permits for future building rose to their highest level since October 2008. Read more on housing data. In the afternoon, Federal Reserve Chairman Ben Bernanke will deliver the first of four lectures at George Washington University on the history of the central bank, continuing his effort to shed further light on the workings of the Fed at a time where both he and the Fed are under political attack. “With the election season, Bernanke-bashing is in season now,” said Pepper, who adds most people don’t realize the Fed “made a tidy sum” for taxpayers in its purchases of mortgage-backed bonds and other programs. “What he’s doing is a little more difficult for the average person to understand, but unemployment rates are going down, and we didn’t have a massive collapse of all our banks. History will show Ben Bernanke did a good job,” said Pepper. /quotes/zigman/627449 Add to portfolio DJIA Dow Jones Industrial Average 13,173.02 -66.11 -0.50% Volume: 59.58mMarch 20, 2012 12:21p /quotes/zigman/221644/quotes/nls/cat Add to portfolio CAT Caterpillar Inc. $ 110.94 -2.80 -2.46% Volume: 4.72mMarch 20, 2012 12:21p /quotes/zigman/245568/quotes/nls/dis Add to portfolio DIS Walt Disney Co. $ 43.24 -0.20 -0.46% Volume: 2.87mMarch 20, 2012 12:21p /quotes/zigman/242371/quotes/nls/lgf Add to portfolio LGF Lions Gate Entertainment Corp. $ 14.71 +0.46 +3.22% Volume: 3.77mMarch 20, 2012 12:21p /quotes/zigman/190927/quotes/nls/bac Add to portfolio BAC Bank of America Corp. $ 9.77 +0.24 +2.50% Volume: 267.33mMarch 20, 2012 12:22p /quotes/zigman/3870025 Add to portfolio SPX S&P 500 Index 1,402.90 -6.85 -0.49% Volume: 224.96mMarch 20, 2012 12:21p /quotes/zigman/123127 Add to portfolio COMP NASDAQ Composite Index 3,056.73 -21.59 -0.70% Volume: 0.00March 20, 2012 12:21p /quotes/zigman/2203138 Add to portfolio CLJ2 Crude Oil - Electronic (NYMEX) Apr 2012 $ 106.33 -1.76 -1.63% Volume: 17,740March 20, 2012 12:10p /quotes/zigman/270355/quotes/nls/bhp Add to portfolio BHP BHP Billiton Ltd. ADS $ 72.82 -2.69 -3.56% Volume: 2.08mMarch 20, 2012 12:21p Kate Gibson is a reporter for MarketWatch, based in New York. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Sunday 15/4/2012 (NT) | Titanic | 09:37:19 03/20/12 Tue |
| A===================C (NT) | Friday October 14th 2011 zero degrees S&P500 1200 | 09:51:48 03/20/12 Tue |
| Nowruz marks the first day of spring and the beginning of the year in Iranian calendar. | March 21 or the previous/following day | 09:59:45 03/20/12 Tue |
| Daylight Saving Time DST starts on Midnight between Tuesday, 20 March 2012 | and Wednesday,21 March 2012 local standard time | 10:05:19 03/20/12 Tue |
| DST ends on Midnight between Thursday, 20 September 2012 | and Friday, 21 September 2012 local daylight time | 10:06:28 03/20/12 Tue |
| 3:59:49 pm 176 ======================== 1 | Tuesday 20/3/2012 week12 Algorithm | 10:11:01 03/20/12 Tue |
| Lowest alrgoithm Tueday 20/3/2012 (NT) | 4:10:37 pm 1.755======================== 1 | 10:14:11 03/20/12 Tue |