It Was A Terrible Day On Wall Street

NEW YORK (February 4, 2013)--The stock market closed out its worst day so far this year Monday as the Dow average dropped back below 14,000.

The drop, which erased 129 points from the Dow Jones industrial average, came on the first trading day after the index closed above 14,000 for the first time since the financial crisis.

The Dow ended at 13,880 Monday, down 0.9 percent.

Other indexes fell slightly more.

The Standard & Poor's 500 index fell 17 points to end the day at 1,495, a loss of 1.2 percent.

Technology stocks fell more than other sectors, pulling the Nasdaq lower.

The technology-heavy index fell almost 48 points, or 1.5 percent, to close at 3,131.

Falling stocks outnumbered rising ones nearly four to one on the New York Stock Exchange where volume was average at 3.4 billion shares.


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