Dow Jones Analysis: October 16, 2014
ICM Brokers | Oct 16, 2014 03:27AM ET
Dow Jones
U.S. stocks plunged on Wednesday in wake of disappointing U.S. retail sales and wholesale pricing data, though bottom fishing brought equities indices up from earlier lows later in the session. U.S. stocks plunge on data, come off earlier lows; Dow down 1.06% U.S. stocks plunge on soft retail sales, wholesale pricing data. At the close of U.S. trading, the Dow 30 fell 1.06%, A separate report showed that U.S. producer price inflation slipped 0.1% in September, disappointing expectations for a 0.1% rise, after a flat reading in August. Leading Dow Jones Industrial Average performers included Johnson & Johnson (NYSE:JNJ), up 1.24%, Dupont Fabros Technology (NYSE:DFT), up 0.83% and General Electric Company (NYSE:GE), up 0.77%. The Dow Jones Industrial Average's worst performers included J P Morgan Chase & Co. (NYSE:JPM), down 4.29%, Wal-Mart Stores (NYSE:WMT), down 3.56% and Merck & Company (NYSE:MRK), down 2.85%.
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