The Dow Stock Losing Out as Gold Crashes
Tuesday, April 16, 2013 2:16
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Lately, the stock market has captured the lion’s share of investors’ attention, especially as it climbed to successive all-time record highs. But the crash of gold prices has taken on greater significance today, losing more than $100 per ounce today alone and adding to similar declines over the past couple of weeks. Moreover, as investor confidence is deflated by a report from China suggesting slower growth in the emerging-market country as well as a poor reading on sentiment among homebuilders, the Dow Jones Industrials (DJINDICES: ^DJI ) opened the week with losses that quickly widened to more than 100 points before recovering slightly. As of 10:45 a.m. EDT, the Dow is down about 70 points.
