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Today Was Disappointing

DisappointmentToday was not a good day. This may not come as a surprise especially lately with the market performing as poorly as it has been but today’s article explains why today was a particularly bad day in the market. Here’s what happened, ” The Standard & Poor’s 500 index dropped 4.72 points, or 0.2 percent, to 2,093.32. The Dow Jones industrial average dropped 47.51 points, or 0.3 percent, to 17,550.69. The Nasdaq composite fell 9.84 points, or 0.2 percent, to 5,105.55. Allstate was among the biggest decliners in the S&P 500. The insurer dropped $7.04, or 10 percent, to $62.34 after reporting earnings that fell significantly short of analysts’ expectations. The company said its earnings dropped because of more frequent and more severe auto accidents.” But it may not be all bad news. To read more, CLICK HERE.