Wall Street starts the year with a frown–DOW down 135.31

Posted By on January 2, 2014

For the past four years the stock market has started the year on a positive note, but today the sellers outweighed the buyers sending the indices down across the board. The S&P500 was down nearly 1% followed by .80% moves down in both the Nasdaq Composite and the Dow Jones Industrial Average. A downgrade of Apple Computer $AAPL spurred the bad news sending the tech behemoth down at the opening bell  where it remained. $AAPL closed down $7.89/share to $553.13, about where it was trading on January 2nd one year ago. I guess it is no longer considered a “glamor stock.”

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Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.