Market Watch: Stocks Stagger Towards 2014 Finish Line

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The next-to-last-day of 2014 was a tumultuous one on Wall Street, as low volume trading led to a decline of almost 2% in the utilities sector.

Overall, 2014 has been a positive year for utilities, which are up more than 25%. That’s why many experts were caught off guard by Tuesday’s struggles.

In fact, it was a bad day for stocks worldwide on Tuesday, as continued worries over the Russian economy were joined by a new concern in Europe. Greece failed to elect a president Monday, leading to increased speculation that the nation could ultimately depart from the European Union. Most major European and Asian indexes lost 1% or more Tuesday.

The Consumer Confidence Index—one of the few pieces of data expected this week—came in this morning at a lower-than-expected 92.6.

Here were the final numbers on Tuesday:

Dow Jones Industrial Average: 17,983.07 (-55.16)

NASDAQ: 4,777.44 (-29.47)

S&P 500: 2,080.35 (-10.22)       

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella

@phillipcannella

Phil Cannella a revolutionary thinker. Phil Cannella's cause is the Phil Cannella Crash Proof Retirement system. Phil Cannella has worked for decades.
Get the truth on how Wall Sts stacked against you, on The @CrashProofShow Sat at 10 AM on @1290wjno in FL, and 11 AM on @TalkRadio1210 in PA - 1 year ago
Phil Cannella
Phil Cannella

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