US stocks edge lower after five record closes

[Omaha Steve]

Source: AP-EXCITE

NEW YORK (AP) — U.S. stock indexes are opening lower as the market comes off five days of record closes.

The Standard & Poor's 500 index was down seven points, or 0.4 percent, at 2,032 as of 9:35 a.m. Eastern time Wednesday.

The Dow Jones industrial average fell 71 points, or 0.4 percent, to 17,544. The Nasdaq composite fell 12 points, or 0.3 percent, to 4,648.

J.M. Smucker sank 4 percent after the company said sales of its Folger coffee brand fell as consumers avoided high prices.

FULL story at link.



The Wall Street subway stop on Broadway, in New York's Financial District, Thursday, Oct. 2, 2014. Chinese stocks jumped Wednesday Nov. 12, 2014 after Hong Kong scrapped a daily limit on how much yuan residents can buy as exchanges in both economies prepare for the start of cross border share trading next week. (AP Photo/Richard Drew)


Read more: http://apnews.excite.com/article/20141112/financial_markets-us_open-8f6acf280e.html

[Dawgs]

1. Great. Thom Hartmann was right.

..well, not really.

[fasttense]

2. Can you tell how the AP has manipulated that headline????

Instead of just reporting the lower closing, they throw in the record high closing.

"See we went down but not to worry, we are on the top of our game."

You know when stocks are up it means the uber rich are happy and when they are down they are not so happy.

Very few average people own stock and they certainly don't own enough of any stock, or pay attention to their stock in their 401k's and such, to affect stock prices. But guess who does own enough stock to affect prices and they pay attention (because they have nothing else real to do)? The same people who crashed the market the last time around.

[Zorra]

3. I am not shopping. Republicans will inevitably crash the economy again.

I'm saving as much money as possible to move to a Blue State ASAP, and hopefully have some extra money for when the republicans crash it again.

[CountAllVotes]

4. Manipulated markets?

Please tell me it isn't true!

Take your money and run like hell IMO.

Faux market and faux economy to go with it.

Having fun yet?

[Iliyah]

5. Can't wait for the monster Koch's congress

coupled with the five RW justices in the USSC to fuck up the ecomony even more and turn US into a bonafide third world country, but alas, will be laughing my ass off when the billioniares get their comeuppance.

[Historic NY]

6. Too bad they didn't report the correct numbers...

Where did they get those numbers...it opened today at 17604.75.....it was last at 17554 on 11/6/14

NASDAQ closed at 4,675.135 up 14.58