dow2664
At open Monday, markets declined and continued with negative trending with the Dow dipping below 11,000 at one point. As the day progressed the market has made gains and the Dow has jumped back up but recent events have not made the market look any safer to investors. Many investors continue to closely monitor the stirring controversy between North and South Korea as well as Europe’s debt crisis. Ireland and its banks are set to receive a bailout and economists wonder if Portugal and Spain will be next in line for assistance. European officials have announced that a new protocol has been established for future relief for other European nations. Investors have been anxiously awaiting details from retailers on sales from Black Friday and Cyber Monday. Early reports indicate the shopping season kicked off to a good start with an average of $365.34 a shopper and an overall increase in spending of 6.4% from last year. Amazon stock jumped to an all time high, pushed by Cyber Monday sales. At close the market indexes are all in the red. DJIA dropped 39.51 points to 11,052.49. Nasdaq is down 9.34 points to 2,525.22. S&P 500 is down 10.59 points to 1,187.76. The U.S. Treasury 10-year yield is down 0.09to 2.82%. Oil is up 1.93 to $85.74 a barrel. Gold is down 7.00 to $1366.00 an ounce. The dollar is up 0.0068 to the Euro at $1.31. Author: Pamela Frost
No comments:
Post a Comment