» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 39 | NO. 2 | Friday, January 9, 2015

US stocks slide following weak wage growth, oil price slump

The Associated Press

Print | Front Page | Email this story

NEW YORK (AP) — Stocks are ending lower after investors were discouraged by weak U.S. wage growth and another drop in the price of oil.

The loss Friday followed two days of big gains for U.S. stocks.

The Dow Jones industrial average lost 170 points, or 1 percent, to 17,737.

The Standard & Poor's 500 index fell 17 points, or 0.8 percent, to 2,044. The Nasdaq composite lost 32 points, or 0.7 percent, to 4,704.

Retailers also fell. Bed Bath & Beyond slumped 7 percent after its sales missed estimates and Macy's fell 3 percent after saying it would close stores and restructure its marketing operations.

The price of crude fell again. U.S. benchmark oil lost 43 cents to close at $48.36 a barrel in New York.

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