Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 43 | NO. 6 | Friday, February 8, 2019

US stocks sink as European outlook dims

Print | Front Page | Email this story

NEW YORK (AP) — Stocks are closing broadly lower on Wall Street as traders were discouraged by more disappointing news on the global economy and company profits.

Technology companies, health care stocks and banks led the way lower on Thursday. Twitter slumped almost 10 percent after issuing a weak forecast.

The declines followed steeper losses in Europe, where the European Union slashed its forecast for economic growth in the 19 countries that use the euro.

The S&P 500 fell 25 points, or 0.9 percent, to 2,706.

The Dow Jones Industrial Average lost 220 points, or 0.9 percent, at 25,169. The Nasdaq dropped 86 points, or 1.2 percent, to 7,288.

Traders sought safety in U.S. government bonds, sending yields lower. The yield on the 10-year Treasury fell to 2.66 percent.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0