August 1, 2014
US stocks end down, data fails to lift mood
US stocks closed lower today after the latest batch of mixed data failed to improve sentiment following Monday's weak report on the manufacturing sector, which drove the S&P 500 to its worst drop since June.
n a volatile trading session, the benchmark Standard & Poor's 500 Index hit a session low of 1,737.92, marking its lowest level since Oct. 18, before rebounding to briefly climb into positive territory with a session high of 1,755.79.
The Dow Jones industrial average slipped 5.01 points or 0.03 percent, to end at 15,440.23. The S&P 500 dipped 3.56 points or 0.20 percent, to finish at 1,751.64. The Nasdaq Composite fell 19.968 points or 0.50 percent, to close at 4,011.552.
European stocks inched up after a steep two-week sell-off, but concerns about global growth and emerging market currencies kept investors on edge.
The FTSEurofirst 300 index of top European shares closed up 0.1 percent at 1,271.84 points, taking a breather after a 6 percent slide over the past two weeks.The Nikkei average rose 1.2 percent in a volatile session today, rebounding from a four-month low as investors scooped up recently battered stocks such as Panasonic and Toyota Motor following strong earnings reports.
The Nikkei ended 171.91 points higher at 14,180.38 after briefly dropping to 13,995.86 in afternoon trade, the lowest intraday level since Oct. 8.