Stocks fell sharply in trading today, after China, the fastest reduction in the world, growing economies, its annual growth target for the first time in eight years.
China is now the second largest economy, is considered by many to be the engine of global economic growth. A slowdown in China is likely to harm the world economy. Investor sentiment was also some data from the weakness of the Euro area, economic repositories today.
The weak economic reports from China and the economy of the Euro zone overshadowed better-than-expected U.S.
The Dow Jones ended the day from 0.11% to 12,962.81, the S & P 500ended the day 0.39% to 1,364.33 and the Nasdaq ended the day0. 86% of 2,950.48.
Inventories of raw materials, the worst results in the S & P 500 today at the end of the day 1.72% lower. Energy stocks are also clear at the end of the day 0.85% lower. The cluster ended the day 0.79% lower. Transportation shares ended the day 0.71% lower, while technology shares ended the day 1.17% lower. Consumer goods stocks were the best performers in the S & P 500 in trading today, at the end of the day 0.23% higher.
Among the big winners and losers in trade, today was ArchipelagoLearning Inc. (NASDAQ: ARCL), on the day at 22.68% higher than$ 11.09, Arcos Dorados Holdings Inc. Has completed (NYSE CRA), which ended the day 7.51% higher at $ 19.20, KeryxBiopharmaceuticals (Nasdaq: KERX), which ended the day 33.51%higher than $ 4.94, Bank of America Corporation stock (NYSE: BAC), which ended in 1 , 97% less than $ 7.97, Pandora Media Inc. (NYSE: Q), which ended the day 5.47% higher at $ 14.66, BPPlc (ADR) (NYSE: BP), concluded that the day of 0.97% over $ 47.96, and Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), which ended the day at 3.76% lower $ 40.45.
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