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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 This material may not be published, broadcast, rewritten or redistributed.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 74 276 2,450
MORTGAGES 93 384 3,098
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 108 792 5,463
BANKRUPTCIES 54 296 1,946
BUSINESS LICENSES 29 147 917
UTILITY CONNECTIONS 51 293 2,040
MARRIAGE LICENSES 15 92 464

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