Stocks Suffer Steep Losses As China Inflation Remains In Focus

The banking sector bust looks to be resuming after Fitch said it may downgrade credits of several finance giants after recently slamming the U.S. with an AA+ rating. This, combined with weak economic data out of China pressured three indexes today. The Dow suffered its worst day since early July, while the S&P 500 and Nasdaq trailed with notable losses of their own. 

Closing Indexes Summary Aug 15

NYSE and Nasdaq Stats Aug 15

Corporate Earnings Aug 15

Unusual Options Activity Aug 15


GOLD, OIL STRUGGLE FOR ANOTHER SESSION

Interest rate cuts in Beijing weighed heavy on crude prices. September-dated oil shed $1.52, or 1.8%, to settle at $80.99 per barrel.

Precious metal gold fell to four-week lows today, struggling on the heels of a rising dollar and bond yields. December-dated gold lost $8.80, or 0.5%, to settle at $1,935.20 an ounce.


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