Bank Of Baku

US stock market falls

US stock market falls
# 11 July 2012 07:41 (UTC +04:00)
Baku. Ali Ahmadov - APA-Economics. Stocks fell for the fourth straight day Tuesday following a profit slump at technology companies and a steep decline in oil prices, which sent energy stocks sharply lower.

The Dow Jones industrial average fell 83.17 points to close at 12,653.12.
Aluminum maker Alcoa was the biggest loser in the Dow, giving up 4 percent after reporting a slump in revenue late Monday. The broader Standard & Poor’s 500 lost 10.99 points to 1,341.47. Nasdaq composite dropped 1 percent, the most of the three major indexes. It closed 29.44 points lower at 2,902.33.
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