Why the Dow Fell Todayhttp://www.fool.com/investing/general/2012/10/18/why-the-dow-fell-today.aspx John Divine
October 18, 2012
Markets were down across the board today, as a bizarre, premature earnings release by Google (Nasdaq: GOOG ) highlighted the day's events. The Dow Jones Industrial Index (INDEX: ^DJI ) fell eight points, to close at 13,548.
Needless to say, Google's results disappointed investors, and the stock immediately fell off a cliff, prompting trading to be halted for a number of hours before finally resuming. Google ended up losing 8% on the day.
The latest figures released on China showed growth slowing for a seventh consecutive quarter. Although it's the slowest annual growth rate in three years, the 7.4% uptick was consistent with expectations. The figures come on the heels of data released Monday showing that inflation in the world's second-largest economy fell to 1.9% in September, which could be a sign that government policies are beginning to work.