STOCKS FALL: Here's What You Need To Know

somersault flip beach falling

Photo: roland / Flickr

Stocks took a slight tumble today, and they’re negative for the week.First the scoreboard:

Dow: 13,944, -42.4, -0.3 per cent
S&P 500: 1,509, -2.7, -0.1 per cent
NASDAQ: 3,165, -3.3, -0.1 per cent

And now the top stories:

  • Initial jobless claims fell to 366k this week.  But that was a bit worse than the 360k expected.  Also, last week’s number was revised up to 371k.
  • Despite today’s sell-off, stocks continue to be near their post-crisis highs.  They’re also pretty close to their all-time highs. The Dow closed at an all-time high of 14,164 on October 9, 2007. The S&P 500 hit its all-time high of 1,565 on the same day.
  • Shares of Apple jumped 3 per cent today.  In a letter today, David Einhorn proposed to management a way for the iPhone maker to unlock an estimated $137 billion of value for its shareholders.  However, Apple management isn’t a fan of the plan.
  • LinkedIn announces quarterly earnings after the closing bell.  Follow the release live on BusinessInsider.com.
  • Don’t Miss: CITI: This Is What Will Happen To The World For The Next 4 Years >
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