Dow Closes Out Worst Week in 3 Years, Falls 315 Points
The Dow continues to get hit by the falling gas prices and ends the day down 315 points. The Dow closed out the week as one of its worst weeks in 3 years. Gas prices also continue to fall, down below $58 a barrel. December historically has been a very friendly month for stocks, but thus far it has failed to live up to its expectations. Costco (COST) reported their Q1 fiscal 2015 earnings today and trumped analysts estimates. Costco's profits rose 17% and their earning per share were at $1.12, slightly above the estimated $1.09.