Steep commodity prices pulled down energy and mining stocks for a second day (Monday). The Dow Jones Industrial Average fell more than 200 points, put it in the curriculum, its worst loss since February.
Gold fell below $ 1,400 an ounce for the first time in two years last week continued to sell, metal. Crude oil prices hit the lowest level since mid-December.
"I think you get some panic selling, gold market, the financial services, wealth management firms, said CEO Frank van Tozzi.
The Dow fell 207 points to 14,658 as of 15:14, a decrease of 1.4%. , Which makes heavy equipment used by miners, lower Caterpillar led the Dow fell by 3% to $ 82.67.
The report, The Chinese economy unexpectedly slowed Tongzai the copper and other commodities. The world's second-largest economy expanded 7.7% in the first three months of this year, well below the forecast of 8% or higher.
The price of gold fell $ 140 to $ 1,361 per ounce, down 9%. It has dropped to $ 203 per ounce over the past two days. Crude oil fell $ 2.58, to $ 88.71 in New York trading.
Commodity prices fall to hit mining stocks and energy stocks. Cliffs Natural Resources lost 8% to $ 17.65. Freeport-McMoRan Copper & Gold fell 8% to $ 29.52. The mining giant Citigroup analyst "sell" rating, it is expected that the price of copper will continue to slide.
In other trading, the Standard & Poor's 500 index fell 26 points to loss of 1,562,1.7%. 10 industry groups in the S & P 500 index of materials and energy stocks were the worst performing, down 3%.
The Nasdaq composite index fell 67 points, or 2.1 percent, to 3,227 points.
In rising stocks, Citigroup rose by 2% to $ 45.87, one of the best gains in the S & P 500 index. The country's third-largest bank earnings exceeded analyst expectations, thanks to strong revenue from trading and investment banking.
Sprint Nextel Corp. jumped off the Dish Network to provide $ 2.5 billion U.S. dollars acquisition of the company. The beating a quote from a Japanese phone company Softbank purpose Dish bid. Sprint surged 13% to $ 7.01, and the disc fell 6% to $ 35.41.
Thermo Fisher Scientific willing to pay $ 13.6 billion to buy the gene testing equipment manufacturer Life Technologies. Thermo Fisher agreed to pay $ 76 in cash per share Life Sciences. Life Sciences rose 7% $ 73.05.
The U.S. government bond market, the 10-year bond yield fell to 1.70 percent from late Friday 1.72. Its lowest point this year, 1.69%, reached April 5 news, U.S. employers hired far fewer workers than expected last month, the yield is still close.
 
 



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