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Nasdaq slumps to worst day since July; S&P 500 dips

Started by riky, September 16, 2014, 09:00:38 AM

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riky

Nasdaq slumps to worst day since July; S&P 500 dips

<p><a href="http://news.yahoo.com/stock-futures-slip-china-output-u-data-tap-112922699--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/Oj7GWJw0sbHOz03fax0Feg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-09-15T115017Z_2_LYNXMPEA8E0E5_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>Alibaba's could be the largest initial public offering in history and has seen &quot;overwhelming&quot; interest, meaning Yahoo's 23 percent stake could be worth more next week than it is now. &quot;There is some nervousness out there, so some money is coming out of the high-flyers and some of it is people getting ready to raise some cash to put to work to Alibaba,&quot; said Ken Polcari, Director of the NYSE floor division at O?Neil Securities in New York. The Dow Jones industrial average gained 43.63 points, or 0.26 percent, to 17,031.14, the S&amp;P 500 lost 1.41 points, or 0.07 percent, to 1,984.13, and the Nasdaq Composite dropped 48.70 points, or 1.07 percent, to 4,518.90.</p><br clear="all"/>

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