The market saw an afternoon selloff after a poor November Institute of Supply Management number. The ISM registered at 49.5 – down from 51.2 in October. It appears investors are getting a bit timid – despite a strong year – after a week of bad reports.
Mixed housing figures were center stage on Monday and Tuesday. Then Wal-Mart reported its first sales decline in 10 years – and warned of a not-so-great holiday season. On top of that – the dollar saw lows this week against the yen and euro, and a 20-year low against the pound.
Here are the numbers with an hour left in trading – the Dow Jones Industrial Average dropped 110 points to 12,111.85. The S&P 500 was down 12.14 to 1,388.49. The Nasdaq slipped 34.13 to 2,397.64.