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Stock Movers Continue Pessimistic Trend

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By Paul Ausick Updated Published
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Shortly after markets opened this morning, the DJIA was down more than 1%, while the S&P 500 and the Nasdaq were off even more. Index futures were even lower, so maybe the opening should be viewed as better than expected.

Among the losers, Bank of America Corp. (NYSE: BAC) and Citigroup Inc. (NYSE: C) were leading the financials, down about 3% and 2.8%, respectively. J.P. Morgan Chase & Co. (NYSE: JPM) was down more than 2%.

Las Vegas Sands Corp. (NYSE: LVS) was off about 6.8% at $48.78.

Brazilian miner Vale S.A. (NYSE: VALE) was down nearly 5%, at a 52-week low of $12.98, as miners took a beating in London today.

Tech stocks are not immune either. Facebook Inc. (NASDAQ: FB) was down about 4%, Microsoft Corp. (NASDAQ: MSFT) was down about 1% and Yahoo! Inc. (NASDAQ: YHOO) was down about 3.5%.

The DJIA was down 1.35% in the first half hour of trading, while the Nasdaq was off 1.5% and the S&P 500 was down 1.53%.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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