Loading…
Wednesday, July 30, 2014
Current Weather
Loading Current Weather....
Published: Monday, 7/29/2013

Stocks slip as busy week for markets begins

ASSOCIATED PRESS

NEW YORK — Stocks are slipping in midday trading on Wall Street as a busy week for financial markets gets under way.

The Dow Jones industrial average was down 63 points, or 0.4 percent, to 15,495 shortly before noon today.

The Standard & Poor’s 500 index fell eight points, or 0.5 percent, to 1,683. The Nasdaq composite fell 16 points, or 0.5 percent, to 3,596.

Saks rose 3 percent to $15.86 after the luxury department store operator announced a deal to be acquired by the parent company of Lord & Taylor for $2.4 billion.

There’s lots of news for investors this week, including a Federal Reserve meeting that winds up Wednesday and the government’s monthly employment report on Friday. Merck, Exxon Mobil and Procter & Gamble also report earnings this week.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories