{"id":82303,"date":"2014-12-09T10:54:13","date_gmt":"2014-12-09T10:54:13","guid":{"rendered":"https:\/\/armbanks.am\/2014\/12\/09\/241947\/"},"modified":"2024-12-15T13:15:00","modified_gmt":"2024-12-15T13:15:00","slug":"sp-500-recorded-its-biggest-drop-in-nearly-7-weeks-marketwatch","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2014\/12\/09\/82303\/","title":{"rendered":"S&P 500 recorded its biggest drop in nearly 7 weeks – Marketwatch"},"content":{"rendered":"

YEREVAN, December 9. \/ARKA\/.<\/strong> U.S. stocks suffered their biggest one-day slide in nearly seven weeks on Monday as a withering selloff among energy companies, which closely tracked oil\u2019s continued price slide, dragged down key benchmark indexes.<\/p>\n

Downbeat economic reports from China, Japan and Europe also dented sentiment. Nervousness among investors was evident from a jump in 10-year Treasury yields, rising five basis points and a 20% jump in the CBOE Vix index, commonly knows as Wall Street\u2019s fear gauge.<\/p>\n

S&P 500 SPX, -0.73% closed 15 points, or 0.75, at 2,060.31. Losses were led by energy companies, as the sector dropped 3.9%. Materials, industrials and technology sector stocks also sold off, while defensive sectors such as utilities and health care drew buyers.<\/p>\n

The Dow Jones Industrial Average DJIA, -0.59% dropped as much as 150 points at session lows, but ended 106.31 points, or 0.6% lower, at 17,852.48. McDonald\u2019s Corp. MCD, -3.84% took a bite out of the blue-chip stock index following disappointing sales. Oil giants ExxonMobil Corp. XOM, -2.26% and Chevron Corp CVX, -3.67% also weighed on the index, dropping 2.3% and 3.7% respectively.<\/p>\n

The tech-heavy Nasdaq Composite COMP, -0.84% ended the day with a loss of 40 points, or 0.8%, at 4,740.69. The heaviest-weighted component of the index, Apple Inc. AAPL, -2.26% fell 2.3%.<\/p>\n

The broader market moves are playing out amid the back drop of crude oil\u2019s continued slide. Crude oil CLF5, -0.46% endured a bruising day of its own, falling more than 4% on Monday and hitting a new five-year low on continued concerns about oversupply. \u20130–<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. stocks suffered their biggest one-day slide in nearly seven weeks on Monday as a withering selloff among energy companies, which closely tracked oil\u2019s continued price slide, dragged down key benchmark indexes<\/p>\n","protected":false},"author":1,"featured_media":156959,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12147,9216],"tags":[15837,12805,15698],"class_list":{"0":"post-82303","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bonds-am-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-drop","11":"tag-sp-3"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/82303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=82303"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/82303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/156959"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=82303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=82303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=82303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}