The S&P 500 fell 2.8% to 1,994.99 this week, its largest weekly loss since Dec. 2014, while the Dow Jones Industrial Average dropped 2.9% to 17,164.95. The Nasdaq Composite declined 2.6% to 4,635.24. Of course, today was the final trading day of the month, and like last year, January turned out to be a lousy one. The S&P 500′s 3.1% January decline was the worst since January 2014.Check out the chart down below.
One of the big reasons for the declining market has been weak corporate earnings, which have shown the impact of the stronger dollar.
Sunday, February 01, 2015
Another Week, Another Wreck: Dow Tumbles, S&P 500 Swoons as Dollar Does Its Damage
Barron's reports: