Posts Tagged ‘Dow Jones’
May 25th, 2010 | 
Author: Stocks on Wall Street slipped back on Monday, local time and pushed the Dow Jones to its lowest level since February 10 because of signs the European banking problems. Quoted from Reuters, Tuesday (25/05/2010), the turbulence in the euro zone makes investors wary of risk taking, after the S & P 500 index fell by 4.2 percent last week. Dow Jones average fell 126.82 points, or 1.24 percent to 10066.57. Index Standard & Poor’s 500 skidded 14.04 points, or 1.29 percent, to 1073.65. While the Nasdaq Composite Index fell 15.49 points, or 0.69 percent to 2213.55.
This is because of recent concerns about the debt crisis of Europe encourages investors to sell the euro is down 1.5 percent to USD1, 2383 at the end of trading in New York. In addition, financial shares were among the biggest decline in support, where the KBW banking index fell 3.3 percent. Wells Fargo also was observed to decline 4.7 percent to $ 28, 71 after Goldman Sachs cut its rating on the stock to “neutral” from “buy.” Read the rest of this entry »
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The Dow Jones continued pelemahannya, at the close of trading Wednesday, May 5 local time. This is due to the impact of the demonstration system is considered failed Greek reverberated throughout the world market.
As quoted from the AFP on Thursday (06/05/2010), the Dow Jones continued weakening of 59.94 points (0.55 percent) to a level at 10866.83 at the close of trading. Meanwhile, the Nasdaq composite index also fell 21.96 points (0.91 percent) to 2402.29 and the Standard & Poor’s index `s 500 dropped 7.72 points (0.66 percent) to 1165.88.
State of unrest in Athens, which killed at least three persons, affect the trading floor of the New York Stock Exchange, raised concerns about the debt crisis of the wider euro zone. Read the rest of this entry »