The negative momentum continued in the markets today. Asian and European
markets were experiencing losses during their respective sessions today prior to
the open of the U.S. market session. This trending continued in world markets as
the U.S. markets opened in the red and never climbed out. At the halfway point,
the three major indices in the United States were tracking red due to
significant stock sell off. The earthquake, tsunami, and resulting nuclear
crisis in Japan is causing anxieties to grow within investors world-wide and
pushing index trends lower. The dollar was on the rise today versus the euro and
the British pound. The dollar is gaining strength during this time of economic
uncertainty. Precious metals were posting losses across the majority of the
metal tracking board today. Gold, Silver, Platinum and Copper were all posting
red values at the halfway point today. Stocks closed the day significantly
lower. The Dow Jones Industrial Average was lower by .89 percent at 11,886.10.
The Nasdaq was lower by .97 percent at 2,667.33 and the S&P 500 was lower by .86
percent at 1,281.87. April contract gold finished the day lower by 2.11 percent
at $1,394.80 an ounce. May Silver closed lower by 4.81 percent at 34.12 an
ounce. May Copper fell back by 1.18 percent at $4.14 a pound. Author: Camillo
Zucari
No comments:
Post a Comment