Dow Falls 200 Points in Massive Selloff

Markets fell today as investors sold off shares at a higher than normal trade volume. The Dow dropped -200.19 points to close at 17.776.12. The NASDAQ fell -46.55 points to 4,900.89, and the S&P 500 lost -18.35 points to close at 2,067.89. In overseas trading, markets were down across the world. London's FTSE lost almost 2%, or -116.36 points, to close the day at 6,773.04.

Kraft Foods Finally Tumbles After 6 Straight Days Of Growth.  After news broke last week that Heinz was acquiring Kraft Foods (KRFT), the macaroni and cheese maker saw share prices shoot up over 45%.
The cost of a share of Kraft fell back to Earth slightly today, dipping -3.48 points, or 3.84%, to $87.13. Kraft is still up 42% over the previous 5 days.

Euro Keeps Creeping Back Toward Record Lows.  Anyone who has been paying attention to European economics knows that the Eurozone has been flirting with trouble for a long time now. In fact, some analysts worry that it's in danger of a collapse entirely. The value of a Euro as compared to the US Dollar has been at or near record lows for a month now, but it had been recovering as of late.

FOREX traders probably should not count on a strengthening Euro anytime soon, though, since every time the currency recovers it seems to dip back down a few days later. This latest round of currency adjustments have seen the Euro fall from highs of over 1.10 Euro per Dollar back to 1.08 and falling.

Charter Communication Up On News It Will Acquire Bright House For $10.4 Billion.  America's least favorite cable provider saw share prices rise today on news that it would acquire privately-held Bright House, a fellow digital cable television and internet provider. Charter Communications rose 9.26 points on the news, and closed at $192.65 per share.

CBRE Group Makes Gains After Buying Johnson Controls Offshoot.  Real estate developer CBRE Group (CBG) gained ground today after it was announced that it would buy off some industrial properties currently held by Johnson Controls (JCI). Both companies saw share prices rise on the deal, with CBRE Group gaining 2.30 points to close at $38.71 per share, and Johnson Controls rising 0.61 points to $50.44.

Kohls Continues To Rise On The Strength Of Its Profit Margins.  Shoppers might be wary of Kohls (KSS) massive markups, but the practice has not hurt the company's bottom line any. The company reported today that it was set to exceed earnings expectations, and saw stock prices rise by 2%. Kohls gained 1.63 points to close at $78.25 per share.

Everyone Is Buying Express Scripts.  Cutting-edge health services company Express Scripts (ESRX), which works with healthcare providers and pharmacies to fill prescriptions, saw share prices rise today on exceptionally high volume. Over a million more transactions than usual were made, and the company's stock rose 1.38 points to settle in at $86.78 per share at the end of trading today.
Published on Mar 31, 2015
By Aaron Phillips
Aaron Phillips is a financial researcher and journalist based out of Michigan. He regularly writes the IG Daily and IG Weekly columns.

Copyrighted 2020. Content published with author's permission.

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