Monday, August 19, 2013

U.S. stocks end lower; yields hit 2-year highs



MarketWatch (20/8) - NEW YORK — U.S. stocks dropped on Monday after a choppy trading session, with the energy and financial sectors leading the S&P 500 lower, as Treasury yields hit fresh two-year highs.

Stocks hit two-year highThe Dow Jones Industrial Average DJIA -0.47% fell 70.73 points, or 0.5%, to end at
15,010.74, with 23 of its 30 components ending in negative territory.

The S&P 500 SPX -0.59% declined 9.77 points, or 0.6%, to 1,646.06.

This was the fourth consecutive session of declines for both the Dow industrials and the S&P 500, marking the longest losing streak since Dec. 28, 2012, when the market fell for five straight trading days.

More than 640 million shares traded on the New York Stock Exchange and composite volume topped 2.8 billion. The Nasdaq Composite COMP -0.38% fell 13.69 points, or
0.4%, to 3,589.09.

http://www.marketwatch.com/story/us-stocks-drop-as-traders-eye-rising-yields-2013-08-19
 

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