Market Wrap: Initial Claims Slip to 42-Year Low; Ferrari Revs-up Its IPO; Splitsville for Pearson, FT Group - InvestingChannel

Market Wrap: Initial Claims Slip to 42-Year Low; Ferrari Revs-up Its IPO; Splitsville for Pearson, FT Group

Market wrap for July 23rd

End of the Day: S&P 500 down 12.0 to 2,102.15; Dow Jones down 119.1 to 17,731.92; Nasdaq down 25.4 to 5,146.41

Market Brief: Several Dow Jones Industrial Components (AmEx, Dow, and Caterpillar) pressured the index following quarterly results issued last night and this morning. News comes following Apple weighing down the Nasdaq on Wednesday following its C3Q15 report.

U.S. initial jobless claims slipped to a 41.5-year low, falling to 255,000 at the end of last week.

Fiat Chrysler’s Ferrari filed for a $100 million common stock IPO today.

Pearson plc entered an agreement