A nasty close for the US stocks

<p>It was another down day (with a nasty close). The NASDAQ index once again led the way lower with a decline over 1%. The final numbers are showing.</p><ul><li>Dow Industrial Average fell -180.67 points or -0.52% at 34765.73</li><li>S&amp;P index fell -33.53 points or -0.76% at 4404.32</li><li>NASDAQ index fell -156.43 points or -1.15% at 13474.62</li><li>Russell 2000 fell -24.23 points or -1.28% at 1871.51</li></ul><p>The biggest laggard in the Dow was:</p><ul><li>Intel fell -3.57%. They called off a proposed merger with Tower Semiconductor as China scuttled the merger</li><li>Walgreens fell -1.43%</li><li>Caterpillar fell -1.06%</li><li>Procter &amp; Gamble fell -1.04%</li><li>Boeing fell -1.01%</li></ul><p>The biggest gainer for the Dow was Travelers with a gain of 1.19%. Other winners included:</p><ul><li>Home Depot +0.28%</li><li>Merck +0.09%</li><li>Walmart +0.05%</li><li>Verizon +0.03%</li></ul><p>After the close of Cisco announced earnings:</p><ul><li>EPS came in at $1.14 versus $1.06 expected</li><li>Revenues came in at $15.2 billion versus $15.05 billion expected</li></ul><p>Despite the beat Cisco shares are trading down -1.36%.</p><p>Nasty day. Nasty close for US stocks. </p>

This article was written by Greg Michalowski at www.forexlive.com.