The World Bank Lowers Global Economic Outlook; Dow Falls 100 Points

Stocks retreat from recent record highs today, with the Dow falling over 100 points. The stocks slid today mainly due to the World Bank lowering its global economic outlook. The World Bank cites the harsh winter weather in the U.S., the continual unrest in Ukraine, and the economic "rebalancing" in China, among other issues, for the lowered outlook. The S&P 500 has already surpassed the outlook of many top Wall Street strategists for the entire year. This concerns many who believe that the S&P 500 may have hit its peak for the year and may risk retreating from the gains that it has already earned.
Toyota (TM) announced a massive recall of 2.3 million vehicles for an air bag problem, around 766,000 of those vehicles can be found in the United States.

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Published on Jun 11, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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