Dow Ends At Lowest Level Since May; MCD's Shares Near 52-Week Low
Stocks fell once again today with the Dow Jones ending at its lowest level since May 20th. Stocks continue to get dragged down as investors worry about rising global tension despite reports of an improving U.S. economy. Many Americans are still feeling the aftermath of the recession that lasted from December 2007 until June 2009. Nearly a quarter of Americans said that they are "just getting by" financially and 13% said that they are struggling to get by. The Dow's stocks have been struggling since it reached its record high on July 16, with only 4 stocks in positive territory at today's close.The stocks that were hit the hardest are United Technologies (UTX) which is down 9.2% and Caterpillar (CAT) which is down 8.9%.
Word on the Street
- Millions still feel the effects of the recession.
- How can America slash its $1 trillion welfare bill?
- Facebook (FB) is purchasing a cybersecurity start-up.
- AMC's (AMCX) beat analysts expectations despite earning decrease.
- McDonald's (MCD) shares near a 52-week low.
- 5 stocks crushed since Dow's record close.
- Jack in the Box (JACK) stock soars on 3Q earnings.
Published on Aug 7, 2014By InvestorGuide Staff