FILE - This April 20, 2010, file photo shows an exterior view of Amgen offices in Fremont, Calif. Amgen Inc. agreed on Tuesday, Dec. 18, 2012, to pay $762 million to resolve federal litigation accusing the drugmaker of marketing the anemia treatment Aranesp for unapproved uses. (AP Photo/Paul Sakuma, File)
-
FILE - This April 20, 2010, file photo shows an exterior view of Amgen offices in Fremont, Calif. Amgen Inc. agreed on Tuesday, Dec. 18, 2012, to pay $762 million to resolve federal litigation accusing the drugmaker of marketing the anemia treatment Aranesp for unapproved uses. (AP Photo/Paul Sakuma, File)
-
FILE - An April 19, 2010 file photo shows a bottle of Johnson & Johnson's baby shampoo in Philadelphia. Johnson & Johnson said Tuesday Aug. 14, 2012 that it remains on track to have baby products, including its Johnson's No More Tears baby shampoo, reformulated with safer ingredients by the end of 2013. (AP Photo/Matt Rourke, File)
-
FILE - In this Aug. 15, 2012 file photo, specialists Thomas Bishop, left, and Michael Pistillo work at their post on the floor of the New York Stock Exchange. Stock futures were relatively flat ahead of the release of the latest data on consumer sentiment Friday, Aug. 17, 2012, amid a mixed bag of earnings from retailers. (AP Photo/Richard Drew, File)
-
An undated photo provided by Edelman Public Relations shows the company's founder Dan Edelman. Edelman died in Chicago on Tuesday, Jan. 15, 2013. He was 92. (AP Photo/Edelman Public relations)
Stocks slide following Dow's rally to 14,000
Stocks are falling on Wall Street after the Dow Jones industrial average hit its highest level since the financial crisis last week.
The Dow was off 118 points at 13,891 shortly before noon Eastern time. Travelers and Merck fell the most of the 30 stocks in the index.
The Standard & Poor's 500 index dropped 13 points to 1,499. The Nasdaq composite index fell 37 to 3,142.
On Friday the Dow closed above 14,000 for the first time since 2007, before the financial meltdown that routed world markets.
The Dow is still up 6 percent this year. Yet Wall Street's celebratory mood was a distant memory Monday, as U.S. stocks followed European markets lower. France's CAC-40 was down 2.9 percent, Germany's DAX 2.4 percent.
Tags:
merck, dax, new york stock exchange, dow, dow jones & company, points, jones industrial average, stock market index, dow jones indexes, exchange-traded fund, charles dow, financial crisis, monday, nasdaq composite index, american stock market indices, poor, standard, percent, highest level, friday, wall street, dow jones industrial average, business, financial meltdown, stocks, world markets, rally, european markets, u.s. stocks, travelers, distant memory, noon eastern time
Print Page
