Investing

Stock Movers Continue Pessimistic Trend

stock symbol ticker
thinkstock
Shortly after markets opened this morning, the DJIA was down more than 1%, while the S&P 500 and the Nasdaq were off even more. Index futures were even lower, so maybe the opening should be viewed as better than expected.

Among the losers, Bank of America Corp. (NYSE: BAC) and Citigroup Inc. (NYSE: C) were leading the financials, down about 3% and 2.8%, respectively. J.P. Morgan Chase & Co. (NYSE: JPM) was down more than 2%.

Las Vegas Sands Corp. (NYSE: LVS) was off about 6.8% at $48.78.

Brazilian miner Vale S.A. (NYSE: VALE) was down nearly 5%, at a 52-week low of $12.98, as miners took a beating in London today.

Tech stocks are not immune either. Facebook Inc. (NASDAQ: FB) was down about 4%, Microsoft Corp. (NASDAQ: MSFT) was down about 1% and Yahoo! Inc. (NASDAQ: YHOO) was down about 3.5%.

The DJIA was down 1.35% in the first half hour of trading, while the Nasdaq was off 1.5% and the S&P 500 was down 1.53%.

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.