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14 Jan 2015
US stocks closed negative for the fourth day; but far from session lows
FXStreet (San Francisco) - Wall Street closed its fourth straight negative day as the US retail sales data disappointed investors. Oil rose more than $3 and drove in energy shares higher, helping benchmarks to rebound from the lows.
In the worst moment of the day, the Dow fell 349 points, while the S&P fell below the 2,000 level.
Most sectors finished Wednesday down for the day. Top losers were Materials (-1.38%); Financials (-0.96%) that was under pressure after WellsFargo $WFC and JP Morgan $JPM earnings, and Consumer discretionary (-0.89%).
Three sectors posted gains on Wednesday: Utilities (+0.60%), Energy (0.32%) and Health Care (+0.07%).
The Dow Jones declined 1.06% to finish at 17,427.09; the S&P 500 lost 0.58% to 2,011.27; while the Nasdaq Composite finished at 4,639.32 after falling 0.48% on the day.
Small Caps in the figure of the Russell 2000 posted 0.30% daily losses as the index wrapped up the session at 1,177.06.
In the worst moment of the day, the Dow fell 349 points, while the S&P fell below the 2,000 level.
Most sectors finished Wednesday down for the day. Top losers were Materials (-1.38%); Financials (-0.96%) that was under pressure after WellsFargo $WFC and JP Morgan $JPM earnings, and Consumer discretionary (-0.89%).
Three sectors posted gains on Wednesday: Utilities (+0.60%), Energy (0.32%) and Health Care (+0.07%).
The Dow Jones declined 1.06% to finish at 17,427.09; the S&P 500 lost 0.58% to 2,011.27; while the Nasdaq Composite finished at 4,639.32 after falling 0.48% on the day.
Small Caps in the figure of the Russell 2000 posted 0.30% daily losses as the index wrapped up the session at 1,177.06.