The Dow Jones Industrial Average lopped off 78.48 points to finish at 13,046.14 Thursday as investors reacted to some disconcerting economic data at home and abroad.
The Nasdaq fell 12 points to end at 3,063.32 while the S&P 500 lost 10.11 points to close at 1,392.78.
In economic news, new unemployment claims fell 5,000 last week to a seasonally adjusted 348,000, a four-year low, according to the Labor Department. Most pundits were predicting an increase to 354,000 claims. Also, the four-week moving average for new claims fell 1,250 to 355,000.
Leading U.S. economic indicators improved 0.7% in February, according to the Conference Board, mostly due to reduced jobless claims. The reading for January was revised to 0.2% from a previous consensus estimate of 0.4%.
Here are some more details from Thursday’s trading session:
Dow Jones Industrial Average:
- Down three consecutive trading days.
- Down 192.99 points, or 1.46%, over the three-day period.
- Largest three-day points and percentage decline since March 06, 2012.
- Largest one-day points and percentage decline since March 06, 2012.
- Lowest closing value since March 12, 2012.
- This week, DJIA currently down 186.48 points, or, 1.41%
- On track for its largest weekly points and percentage drop since the week period ended December 16, 2011.
- An intraday high of 13124.47 occurred at the open today.
- An intraday low of 13017.42 occurred at 11:06:53 today, representing a decrease of 107.20 points, or 0.82%.
- Eight of the 30 component stocks rose, 22 fell.
- Today's top five contributors to The Dow's movement and their point contribution: IBM (6.05), PG (2.42), KO (2.27), AXP (1.82), INTC (0.98).
- Today's bottom five laggards: CAT (-19.37), CVX (-19.37), BA (-8.25), MCD (-6.96), XOM (-5.15).
- Down 7.90% from its record close of 14164.53 on October 09, 2007.
- Up 99.27% from its 12-year closing low of 6547.05 on March 9, 2009.
- Up 7.19% from 52 weeks ago.
- Up 5.55% from its 2012 closing low of 12359.92 on January 06, 2012.
- Down 1.56% from its 52-week high of 13252.76 on March 15, 2012.
- Up 22.44% from its 52-week low of 10655.30 on October 03, 2011.
- Month-to-date: up 0.73%.
- Year-to-date: up 6.78%.
Dow Jones U.S. Total Stock Market Index:
- Dow Jones U.S .Total Stock Market Index, 14467.89, down 113.29 points, or 0.78%, or approximately, $130 billion in market capitalization.
- Down three consecutive trading days.
- Down 191.65 points, or 1.31%, over the three-day period.
- Largest three-day points and percentage decline since March 06, 2012.
- Largest one-day points and percentage decline since March 06, 2012.
- Lowest closing value since March 12, 2012.
- Down 8.11% (approximately $2.4 trillion in market cap), from its record close of 15745.39 on October 09, 2007.
- Up 112.76% (approximately $8.8 trillion in market cap), from the 12-½ year closing low of 6800.08 on March 9, 2009.
- Up 5.63% from 52 weeks ago.
- Up 9.55% from its 2012 closing low of 13206.64 on January 04, 2012.
- Down 1.31% from its 52-week high of 14659.54 on March 19, 2012.
- Up 28.04% from its 52-week low of 11299.07 on October 03, 2011.
- Month-to-date: up 1.80% or approximately $254 billion in market cap.
- Year-to-date: up 11.13% or approximately $1.7 trillion in market cap.
Data courtesy of Dow Jones Indexes.
