The stock market was under pressure for the majority of the last trading week
and the major indices posted noteworthy losses. It was one of the worst weeks
for stocks in the last several years. The DJIA, Nasdaq and S&P 500 all posted in
the red for the week and anxieties on Wall Street are building. The Dow Jones
Industrial fell lower by over 5 percent last week. This was the worst week of
trends for the DJI in over two years. The Nasdaq fell lower for the week by 8
percent and the S&P 500 dropped lower for the week by 7 percent. Negatively
skewed economic posts had been building in the U.S. last week and these posts
put continual pressure on stocks and the major indices. The GDP report a week
ago was weaker than expected. Then this past week, the manufacturing report and
consumer spending data came in below expectations. Now, the U.S. has lost its
triple A credit rating. The market is floundering under the pressure and
individual companies, and accompanying stock values, are faltering as well.
According to MSN Money stock quotes, Ebay Inc. stock value ended the last
trading session on the negative side of break-even. Ebay share value dropped
lower by 2.46 percent and closed out the session at 29.30. Previous close for
the company had been 30.04. Frank Matto
No comments:
Post a Comment