Yashi

Monday, September 22, 2014

STOCKS FALL, ALIBABA TUMBLES, YAHOO TANKS: Here's What You Need To Know

   MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE
 
 
Closing Bell
 

September 22, 2014

Advertisement

Markets are starting the week in the red.

First, the scoreboard:

  • Dow: 17,172.6, -107.0, (-0.6%)
  • S&P 500: 1,994.2, -16.1, (-0.8%)
  • Nasdaq: 4,527.6, -52.1, (-1.1%)

And now, the top stories on Friday:

1. For traders, September 22 is one of those days with a notorious history. UBS's Art Cashin notes that September 22 marked various market highs in 1873, 1929, 1980, and even as recent as 2008. "If that's not enough, several of the astrological types claim their charts show [this] week is fertile ground for surprises – geo-political and otherwise," Cashin said. "Crazy?  Maybe, but forewarned is forearmed."

2. Chinese e-commerce giant Alibaba exploded higher on Friday on its IPO. Today, the $230 billion company fell 4.4%. The biggest loser in the S&P 500 today was Yahoo, which is a big investor of Alibaba. Yahoo shares fell 5.5% today.

3. The pace of existing home sales unexpectedly fell 1.8% to an annualized rate of 5.05 million. Economists estimated sales would climb to a 5.20 million pace. "There was a marked decline in all-cash sales from investors," said Lawrence Yun, chief economist of the National Association of Realtors. "On the positive side, first-time buyers have a better chance of purchasing a home now that bidding wars are receding and supply constraints have significantly eased in many parts of the country."

4. The big news of the day arguable occured in London where UK-based grocery chain Tesco revealed a $408 million error in its first half profits. Tesco is the second biggest retailer in the world. The stock fell 11.6% today.

Don't Miss: 19 Of The Most Expensive Substances In The World »

Share the latest business news with your network:

Facebook Share Twitter Share Email Share
Email sent to: dwyld.kwu.2wm8d4lq0e7c@blogger.com   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Avenue, 8th fl, NYC 10011
Sailthru

On-Air Shocker: Reporter Quits in Vulgar Fashion (Newser Happy Hour 6-pack)

Newser Alert
The day's six most popular stories, in time to unwind.


On-Air Shocker: Reporter Quits in Vulgar Fashion

On-Air Shocker: Reporter Quits in Vulgar Fashion

(Newser) - Reporter Charlo Greene feels passionately about marijuana legalization in the state of Alaska. So passionate, in fact, that she outed herself as the owner of the Alaska Cannabis Club in last night's 10pm news broadcast on Anchorage's KTVA, then made another shocking declaration. "[I'll] be dedicating... More  »

 
Man Falls Into Wood Chipper— Headfirst

Man Falls Into Wood Chipper— Headfirst

(Newser) - Another entry in the "No Worse Way to Go" file: An Arizona landscape worker was killed on Thursday after tripping and falling into a wood chipper—headfirst. Chandler officials confirm that the unidentified man was decapitated. KTVK reports that he was part of a Phoenix Trim-a-Tree landscaping crew working... More  »

 
Cops, CPS Called on Woman Who Let Kids Play Outside

Cops, CPS Called on Woman Who Let Kids Play Outside

(Newser) - Kari Anne Roy found herself having to explain her parenting to police and Child Protective Services recently—and all because she let her children play outside unsupervised. In a blog post from earlier this month that's getting some attention, Roy explains that it all started when she answered the... More  »

 
Writers Break Silence on Secret Amazon Retreat

Writers Break Silence on Secret Amazon Retreat

(Newser) - Not much is known about the literary weekend Amazon founder Jeff Bezos hosts in Santa Fe every year, other than that it is lavish and the writers are showered with gifts and even a suitcase in which to carry the gifts home, occasionally on private jets. But the spare-no-expense "... More  »

 
Student, 19, Dies After 'Gathering' at Rutgers Fraternity

Student, 19, Dies After 'Gathering' at Rutgers Fraternity

(Newser) - A 19-year-old Rutgers student has died following what reports call a "small gathering" at a fraternity house. Alcohol may have been a factor in Caitlyn Kovacs' death, which is currently under police investigation; an autopsy will reveal the cause. The New Jersey resident passed out at the Delta Kappa... More  »

 
Cops: Ambush on Troopers Was Planned for Months

Cops: Ambush on Troopers Was Planned for Months

(Newser) - The man suspected of shooting two Pennsylvania State troopers 10 days ago may have been planning both the shooting and his escape for months if not years, police say, perhaps explaining why he's been able to elude captivity for so long . Even the clues uncovered yesterday in the huge... More  »

 

Become a fan of Newser on FacebookFollow Newser on TwitterStumble Newser on StumbleUpon

Unsubscribe or change your alert settings.

Newser, LLC
222 N. Columbus Dr.
Unit D
Chicago, IL 60601

Suggestions and feedback are welcome at feedback@newser.com

5 Things You Should Do Now That You're An Experienced Professional

  MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE
 
 
Business Insider Select
 
September 22, 2014
5 Things You Should Do Now That You're An Experienced Professional 5 Things You Should Do Now That You're An Experienced Professional

It's time to take your life to the next level. [Sponsor content brought to you by Capella.]
Read»
Share this story: Facebook Share Twitter Share Email Share
Online Video Advertising Is Exploding Ahead Of TV, Search, And Most Other Digital Ad Markets
Online Video Advertising Is Exploding Ahead Of TV, Search, And Most Other Digital Ad Markets
The online video ad market is growing faster than search, desktop display, and TV advertising.   Read»
Share this story: Facebook Share Twitter Share Email Share
The 10 Most Important Things In The World Right Now
The 10 Most Important Things In The World Right Now
Hello! Here's what people will be chatting about on Monday.  1. A...  Read»
Share this story: Facebook Share Twitter Share Email Share
How To Dramatically Increase Your Income, Starting Today
How To Dramatically Increase Your Income, Starting Today
Zig Ziglar said "Money isn't everything, but it's right up there...  Read»
Share this story: Facebook Share Twitter Share Email Share
Here's A Breakdown Of The Speech That Won The World Championship Of Public Speaking
On Aug. 23, Sri Lankan human resources consultant Dananjaya...  Read»
The World's Second-Largest Retailer Is Imploding
Tesco's profits for the first half of the year are far lower than the supermarket initially said.  Read»
This New Report Shows Why Taxi Drivers Are Terrified Of Uber And Lyft
San Francisco's taxis have taken a hit from apps like Uber, Sidecar, and...  Read»
Advertisement
As Tesco Profits Vanish In Flawed Accounts, Analyst Says It's 'No Longer A Viable Investment'
As Tesco Profits Vanish In Flawed Accounts, Analyst Says It's 'No Longer A Viable Investment'
The supermarket colossus has overestimated its profit by nearly a quarter.  Read»
Share this story: Facebook Share Twitter Share Email Share
Everything We Know About The Mysterious Fake Cell Towers Across The US That Could Be Tapping Your Phone
Everything We Know About The Mysterious Fake Cell Towers Across The US That Could Be Tapping Your Phone
There's no proof they even exist.   Read»
Share this story: Facebook Share Twitter Share Email Share
Herbalife Shares Crashed On Monday
Herbalife Shares Crashed On Monday
Herbalife shares crashed into the close on Monday. In late trade, the...  Read»
Share this story: Facebook Share Twitter Share Email Share
The Scottish National Party Is Now On The Brink Of Political Obliteration
The Scottish National Party Is Now On The Brink Of Political Obliteration
The SNP must reinvent itself after referendum loss.  Read»
Share this story: Facebook Share Twitter Share Email Share


See Also
Here Are The Impossible Cuts The Next UK Government Will Be Forced To Make
Here Are The Impossible Cuts The Next UK Government Will Be Forced To Make
Austerity is set to stay in the UK.
  Read»  
Russia And Iran Are Talking About Joining The Fight Against ISIS
Russia And Iran Are Talking About Joining The Fight Against ISIS
Two countries that have very strained relationships with the United...
  Read»  
iPhone Users Are Freaking Out After Apple Removed 'Camera Roll' And Made It Harder To Delete Photos
iPhone Users Are Freaking Out After Apple Removed 'Camera Roll' And Made It Harder To Delete Photos
Nobody knows where their photos are going.
  Read»  
Peter Thiel On Twitter Allegations: 'You Could Smoke A Lot Of Pot And Still Have A Great Company'
Peter Thiel On Twitter Allegations: 'You Could Smoke A Lot Of Pot And Still Have A Great Company'
Last week, billionaire investor Peter Thiel went on CNBC and trashed...
  Read»  


Share: Facebook Share Twitter Share Email Share


Share: Facebook Share Twitter Share Email Share


Share: Facebook Share Twitter Share Email Share


Share: Facebook Share Twitter Share Email Share


Share this:

Facebook Share Twitter Share Email Share
Email sent to: dwyld.kwu.2wm8d4lq0e7c@blogger.com   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Avenue, New York, NY 10011
Sailthru

Yashi

Chitika