Saturday, Jun 25, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Stocks extend losses after World Bank cuts outlook

S&P 500 extends losses at midday after World Bank cuts growth outlook

NEW YORK — The U.S. stock market is falling at midday after the World Bank cut its outlook for global growth.

The Standard & Poor’s 500 index slipped five points, or 0.3 percent, to 1,945 as of noon today. The Dow Jones industrial average fell 84 points, or 0.5 percent, to 16,861. The Nasdaq fell less than two points, or 0.03 percent, to 4,336.

The World Bank said in a report late Tuesday that it expects global growth of 2.8 percent this year, compared with a January estimate of 3.2 percent.

The stock market remains near all-time highs after a slow and steady climb since April.

Synaptics jumped 25 percent after the maker of touch-screen technology said it would buy smartphone and tablet chipmaker Renesas SP Drivers for $475 million.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…