U.S. Equity Markets Drop Lower
Another tough day at the New York Stock Exchange…
FOX’s Lisa Lacerra has more:
Concerns over a weak economy in China and North Korea’s nuclear capability sending Wall Street sliding… The Dow falling 252 points, the NASDAQ dropping 56, the S&P losing 26…
(Rothman) “The negative sentiment started first thing this morning with that news out of North Korea that they successfully tested the hydrogen bomb and then of course we got the Fed meeting minutes mid-afternoon Eastern time suggesting that some of the Fed members were a little cautious about raising interest rates.”
Lori Rothman with the FOX Business Network on the floor of the New York Stock Exchange…
(Rothman) “The biggest drag is the price of Crude Oil it’s getting totally hammered down another 5.6% today… You’re looking at a 33 handle on the price of Crude… Investors if they’re looking at anything, looking to take any risks, they’re picking up the most beaten down stocks of last year, so you’ve got Wal-Mart and then McDonald’s, which is also holding up in the green in this New Year…”
The last time the Dow closed below 17,000 was October 14 of last year.
