How the Dow Jones industrials and other major stock indexes fared in Wednesday’s trading
By APWednesday, June 24, 2009
How the major stock indexes fared on Wednesday
Disappointing forecasts from technology companies and an unexpected drop in home construction added to worries about the economy and sent stocks modestly lower. The drop came a day after major stock indicators closed at 13-month highs. Forecasts from software makers Autodesk Inc. and Salesforce.com fell short of analysts expectations. Meanwhile, the government said construction of homes and apartments fell 10.6 percent in October, a steeper drop than expected.
The Dow Jones industrial average fell 11.11, or 0.1 percent, to 10,426.31.
The Standard & Poor’s 500 index fell 0.52, or 0.1 percent, to 1,109.80.
The Nasdaq composite index fell 10.64, or 0.5 percent, to 2,193.14.
For the week:
The Dow is up 155.84, or 1.5 percent.
The S&P is up 16.32, or 1.5 percent.
The Nasdaq is up 25.26, or 1.2 percent.
For the year:
The Dow is up 1,649.92, or 18.8 percent.
The S&P is up 206.55, or 22.9 percent.
The Nasdaq is up 616.11, or 39.1 percent.
Tags: Federal reserve, Residential Construction, Stock Indices And Averages, Us-wall-street-box