According to Reuters, the top markets on Wall Street slumped after the Commerce Department released disappointing economic data. By the afternoon on March 4th, the top markets on the New York Stock Exchange were trading down between half a percent and 1-percent each. The Dow Jones Industrial Average led losses, dropping 260-points, while falling to 25,766. The S&P 500 lost about 20-points, while the Nasdaq Composite dropped 44-points. The markets began to decline after the Commerce Department said construction spending fell by half a percent late last year. http://feeds.reuters.com/~r/reuters/t... http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com
Commerce Department Data Deflates Wall Street - YouTube |
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