The major index composites were moving lower and closed the first trading
session of this week in the red yesterday. Today, stocks futures revealed that
the major indices were red and positioned for a large sell off. World markets
are struggling as investors attempt to process the Japanese disaster. Tokyo
stocks fell more than 10 percent during their respective session and this
negative momentum is expected to affect the U.S. trading session in a parallel
way. Adding to the turmoil overseas is the recent news that a third explosion
took place which is exacerbating the nuclear crisis in the region. The reactor
meltdown is unprecedented and people around the world are not sure how far
reaching the negative ramifications will stem. World markets fell lower across
the majority of the tracking board. Asian markets finished lower and European
markets were dropping significantly during the first half of their trading
sessions. Approaching Mid Day the major market indexes are all in the red. The
Dow dropped points or 1.72% to 11786.54. The Nasdaq lost 45.69 points or 1.70%
to 2655.14. The S&P 500 decreased by 23.24 points or 1.79% to 1272.95. The U.S.
Treasuries was down 0.06 to 3.29%. Oil dropped 3.11 to $98.11 a barrel. The U.S.
dollar gained 0.0053 to the Euro at $1.39. Author: Pamela Frost
No comments:
Post a Comment