US stocks lose momentum a day after Dow’s record gain

By Associated Press

By Alex Veiga, The Associated Press

Stocks are down sharply, unable to build on the prior day’s strong performance, as Wall Street stumbles toward what could be its steepest annual loss since the financial crisis.

The Dow Jones Industrial Average slumped about 360 points in early afternoon trading Thursday after dropping as much as 528 points earlier. Technology companies and health care stocks, big gainers on Wednesday when the market had its best day in 10 years, took some of the heaviest losses in the broad slide.

The market’s gyrations have resulted in unusual volatility for the final days of the year. On [READ MORE HERE]

Source: OC Register Sports

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