U.S. stocks fell, extending losses after
the worst week for benchmark indexes since 2012, amid concern over the
Federal Reserve’s plans to cut stimulus and an economic slowdown in
China.
 The Standard & Poor’s 500 Index
slipped 0.5 percent to 1,781.54 at 4 p.m. in New York after tumbling 2.6
percent last week. The Dow Jones Industrial Average slipped 41.36
points, or 0.3 percent, to 15,837.75. Both gauges closed at the lowest
levels since the middle of December. Trading in S&P 500 stocks was
37 percent above the 30-day average during this time of day.
The S&P 500 sank the most since June
2012 last week as a sell-off in developing-nation currencies spurred
concern global markets will become more volatile. The decline pushed the
index below its average price in the past 50 days for the first time
since October. The threshold is currently near 1,813.
Copy Source : Bloomberg
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