XCSFDHG46767FHJHJF
dow2664 Stocks got crushed today. The primary indices in the U.S. were all significantly lower today and closed out red across the majority of the primary stock index tracking board. The Dow Jones lost over 400 points as it closed out at 10.990.58. The Nasdaq closed out lower by over 130 points at 2,380 and the S&P 500 finished lower by over 50 points at 1,140.65. The Morgan Stanley report is hovering over Wall Street right now like a dark thunderous cloud and causing investors on Wall Street great anxieties. The anxiety and fear investors are feeling right now stem from the information that the American economy, alongside the economy in Europe, are close to another potential recessive period. The fear is also pushing safe havens higher. Gold price per ounce pushed higher above the 1800 per troy ounce mark today as stocks plummeted. In addition to the gloomy Morgan Stanley report, the Philadelphia Federal Reserve’s regional manufacturing report was more negative than expected as well. The index dropped to 30.7 in July. This index reading indicates poor performance in the sector and was much weaker than any had anticipated. Investors feel like the wind has been knocked out of them as the volatility in the U.S. market place continued this day. Frank Matto
No comments:
Post a Comment