InfoAnda - U.S. Markets Dip On German Stock Restrictions, Rising Foreclosures

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Home U.S. World Entertainment Sports Business Health Science Technology Politics Offbeat Environment Travel News Articles U.S. Markets Dip On German Stock Restrictions, Rising Foreclosures Email Facebook Digg Twitter Buzz Up! ShareThis May 19, 2010 7:23 p.m. EST Topics: market and exchange, economy, business and finance, securities, economy, United States Mitchell Jaworski - AHN News Reporter New York, NY, United States (AHN) - U.S. markets fell on Wednesday as a German ban on naked short selling sparked worries over market risk, while increasing foreclosure raised concerns domestically. Stocks opened the session lower as weakness in overseas markets spilled over into the U.S. indices. The Dow Jones Industrial average fell 67 points or 0.6 percent on the day. Dow decliners edged out advancers 17 to 13. Caterpillar (NYSE: CAT) was the biggest Dow laggard, shedding 2.8 percent on the day as the industrial names were weak on a whole. The S&P 500 slipped 6 points or 0.5 percent as nine of 10 major economic sectors finished the session lower. Industrials were the weakest, down 1.3 percent, while financials were the lone advancer, adding 0.2 percent. The Nasdaq Composite fell 19 points or 0.8 percent. The decline was mitigated by a 0.6 percent rise in the semiconductor sector. Crude oil added 0.7 percent on the session to settle at $69.87 a barrel on the New York Mercantile Exchange. On the economic front, the Mortgage Bankers Association said that the number of homeowners in foreclosure rose to 4.6 percent, a record high. Thursday's market will see the release of new jobless claims for the week ended May 15, followed by the April reading of leading indicators. Copyright © 2003 - 2010 AHN - All rights reserved.Redistribution, republication. syndication, rewriting or broadcast is prohibited without the prior written consent of AHN.License AHN news for your website, business, digital signage network or publication. Most Popular Stories Democrats Win PA Special Election For John Murtha's Seat CBS Cancels "Ghost Whisperer," Could Be Picked Up By ABC Elin Nordegren Goes Back To Local College Chelsea Handler’s Sex Tape Being Shopped Around Brad Pitt Calls Ex-Wife Jennifer Aniston “Pathetic” Aquino, Binay Lead Philippine Election Winners; May Be Proclaimed Within The Day Selena Gomez, Demi Lovato Make "Band Hero" And "Guitar Hero" Debut Nun Excommunicated For Suggesting Abortion Miley Cyrus Under Fire For Dirty Dancing With 44-Year-Old Man Elin Nordegren Initiates Divorce From Tiger Woods Recent Posts Most Popular Comments Recent Comments Popular Threads Home | U.S. | World | Entertainment | Sports | Business | Health | Sci / Tech | Politics | Weird / Offbeat Follow AHN on Twitter AHN Social News connects you with friends and the news Client Login | Submit News | Privacy Policy | Terms of Use | Contact | Content Services © 2010 AHN All Rights Reserved

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