Wall Street Dips on Financials, Tech as Stocks Head Lower

Michael Teague |

Shares in tech and financial companies dragged benchmark US indices lower by Thursday's close despite the Commerce Department's revision of fourth quarter 2013 GDP data showing the US economy grew at a 2.6 percent annual rate, a bit more than the previous 2.4 percent estimate and just shy of the 2.7 percent rate that economists had been expecting. Investors were relatively calm in making their exit from the positions that have benefitted most from the current bull-market despite the fact that both houses of Congress passed a fresh round of sanctions against Russian officials as a result of that country's annexation of Crimea earlier this week. Stocks were down for the fourth session in five by the bell.

 

Results for Thursday, March 27

  • Standard & Poor’s 500: -0.19 percent to 1,849.04

  • Dow Jones Industrial Average: -0.03 percent to 16,264.23

  • NASDAQ: -0.54 percent to 4,151.23

Our Top Stories

Stocks

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
ONVO Organovo Holdings Inc. 1.61 0.21 15.00 5,574,922 Trade
PBR PETROLEO BRASILEIIRO SA PETROBRAS 10.35 -0.04 -0.38 9,182,297 Trade
MLCG ML Capital Group Inc 0.00 -0.00 -50.00 5,895,400

Comments

Emerging Growth

Goldrea Resources Corp.

Goldrea Resources Corp is engaged in the acquisition, exploration and development of mineral properties located in North America.

Private Markets

iPRO Network, LLC

We provide the platform, tools, and resources to empower individuals and professionals to market desirable goods and services to the public, taking the place of traditional methods of commerce.

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…