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Triple digit loss for Dow

Wednesday, December 30, 2015 - 01:09

Stocks lost ground on Wednesday, with the S&P 500 barely still in positive territory for 2015. Bobbi Rebell reports.

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Falling oil prices weighed on U.S. stocks sending the Dow, S&P and the Nasdaq lower. Energy stocks like Exxon and Chevron moving lower. Also in the red: Apple on concerns about potentially soft iPhone sales. Year-end thin trading volume may also be at play for the down market, says NYSE's Garvis Toler: (SOUNDBITE) GARVIS TOLER, HEAD OF GLOBAL CAPITAL MARKETS, NYSE (ENGLISH) SAYING: "It is fairly light volume at the end of the year. We're in the holiday period here. It's been a pretty volatile year. We are looking at markets that are pretty flattish for the year, so, I think, we are seeing a lot more of that going on today as well. " Contracts to buy previously owned homes fell by 0.9 percent in November for the third time in four months, signaling the U.S. housing market could be cooling. Fairchild Semiconductor shares rose after the company received a revised offer from the Party G Group. Pep Boys shares fell after Japan's Bridgestone said it would not counter Carl Icahn's $1 billion offer. Shares of Weight Watchers continued to surge after the company launched an advertising campaign featuring Oprah Winfrey last week. Weak commodity prices also pushed down European equities.

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Triple digit loss for Dow

Wednesday, December 30, 2015 - 01:09