Stocks traded choppy today and turned sharply negative with each of the three major indices sinking more than 1.4%. In economic news, initial weekly jobless claims came in at 884,000, slightly more than expected.
Dow Jones finished -406 at 27,534
S&P 500 finished -60 at 3,339
NASDAQ finished -222 at 10,919
The 10 Year Treasury closed down 2 basis points yielding 0.68%
Oil prices closed down $0.96 ending at $37.09 a barrel
Gold prices closed down $2.00 ending at $1,952 an ounce
In the days’ stock news:
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U.S. stocks slipped from record levels to start the week...