Economy

CLOSING BELL: July 10: DJIA: 12,653.12 | DOWN 83.17 | -0.65%

OIL: $83.85, DOWN 2.14, -2.55%

GOLD: $1,568.00, DOWN 21.10, -1.33%

GASOLINE (US Avg): $3.381, -.001

Wall Street ends lower on profit fears

Ryan Vlastelica, Reuters- Wall Street fell for a fourth day on Tuesday as more pessimism from companies compounded worries that the sluggish global economy is taking its toll on profit growth.

The Dow Jones industrial average slid 83.17 points, or 0.65 percent, to end unofficially at 12,653.12. The Standard & Poor’s 500 Index fell 10.99 points, or 0.81 percent, to finish unofficially at 1,341.47. The Nasdaq Composite Index lost 29.44 points, or 1.00 percent, to close unofficially at 2,902.33.

 

Read the rest of the story at Reuters here.

The Common Good publishes a financial market wrap-up every weekday after markets close.