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VOL. 129 | NO. 150 | Monday, August 04, 2014

US Stocks Have Their Worst Week in Two Years

AP

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NEW YORK (AP) — The U.S. stock market is closing out its worst week in two years.

Traders moved money into investments traditionally seen as having lower risk Friday, such as U.S. government bonds, gold and utility stocks.

Energy stocks fell after Chevron reported weaker oil and gas production.

The Dow Jones industrial average lost 69 points, or 0.4 percent, to 16,493. The Dow has lost 387 points over the past two days. The slump interrupted five months of steady gains.

The Standard & Poor's 500 index fell five points, or 0.3 percent, to 1,925. The S&P 500 lost 2.7 percent this week, the biggest loss since June 2012.

The Nasdaq fell 17 points, or 0.4 percent, to 4,352.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.49 percent.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 105 440 14,952
MORTGAGES 136 529 18,920
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 173 855 32,218
BANKRUPTCIES 61 283 11,146
BUSINESS LICENSES 18 111 4,811
UTILITY CONNECTIONS 51 502 18,230
MARRIAGE LICENSES 29 157 3,986

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