Bank stocks were pounded again Monday on concerns that Basel III capital requirements would provide another blow to the beleaguered industry. Investors also dumped shares after European Central Bank head Mario Draghi gave a speech in which he offered little in the way of support to solve the region’s sovereign debt crisis.
For the day, the Dow Jones Industrial average shed 100 points to 11,766.26 while the Nasdaq and S&P 500 lost 32 points and 14 points, respectively.
Here are some more details from Monday’s trading session:
Dow Jones Industrial Average:
· Down 100.13 points, or 0.84%, to 11766.26
· Down two consecutive trading days.
· Down 102.55 points, or 0.86%, over the two-day period.
· Largest two-day points & percentage decline since December 14, 2011.
· Down five of the past six trading days.
· Lowest closing value since November 29, 2011.
· An intraday high of 11925.88 occurred at 09:42:06 today, representing an increase of 59.49, or 0.50%.
· An intraday low of 11735.19 occurred at 15:53:29 today, representing a decrease of 131.20, or 1.11%.
· Three of the 30 component stocks rose, 27 fell.
· Today's three contributors to The Dow's movement and their point contribution: MRK (1.67), PFE (0.91), CAT (0.38)
· Today's bottom five laggards: JPM (-9.01), CVX (-8.63), MMM (-7.95), BA (-6.43), AXP (-6.36).
· Traded in negative territory for 76 percent of the day.
· Down 16.93% from its record close of 14164.53 on October 09, 2007.
· Rose 2.51% from 52 weeks ago.
· Down 8.15% from its 52 week high of 12810.54 on April 29, 2011.
· Up 10.43% from its 52 week low of 10655.30 on October 03, 2011.
· Month-to-date: down 2.32%.
· Year-to-date: up 1.63%.
Dow Jones U.S. Total Stock Market Index:
· Dow Jones U.S. Total Stock Market, 12473.99 (prelim)*, down 162.47 points, or 1.29%, or approximately $272 billion in market capitalization.
· Down four of the past six trading days.
· Largest one-day points & percentage decline since December 12, 2011.
· Lowest closing value since November 29, 2011.
· Down 3271.40 points, or 20.78% (approximately $4.7 trillion in market cap), from its record close of 15745.39 on October 09, 2007.
· Up 83.44% (approximately $6.5 trillion in market cap) from the 12-½ year closing low of 6800.08 on March 9, 2009.
· Down 4.22% from 52 weeks ago.
· Down 12.82% from its 52 week high of 14308.37 on April 29, 2011.
· Up 10.40% from its 52 week low of 11299.07 on October 03, 2011.
· Month-to-date: down 3.56%.
· Year-to-date: down 5.01%, or approximately $954 billion in market cap.
Data courtesy of Dow Jones Indexes.
