Stocks sold off today after topping that psychologically important 14,000 level for the first time in almost 6 years. Today it was renewed worries over political uncertainty in Italy and Spain.
Spain's prime minister was asked to step down in a corruption scandal while, in Italy, uncertainties over an upcoming election rattled markets in Europe and here in the US. Heading into the last hour of trading, the Dow was down .81%, the S&P was down over 1% and the Nasdaq was down 1.4%
Also dampening the recent rally was a government report on factory orders. overall, they were up 1.8% in December, but demand for capital goods dropped .3% following gains in previous two months. And durable goods orders were also slightly weaker than expected.
Clorox (NYSE:CLX) shares bucked the trend with a 1% gain after posting better-than-expected 2Q earnings. Also in the green today for the Dow today - Boeing (NYSE:BA).
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