This past week was a bad one for the stock market and the murmurs on Wall
Street regarding a potential double dip recession are growing. Stocks ended the
last session mixed but were decisively below breakeven to finish off the week.
The DJI, Nasdaq and S&P 500 all finished off in the red for the week overall.
Specifically, the Dow Jones was negative for the week by almost 6 percent. The
S&P 500 fell for the week by 7 percent and the Nasdaq dropped lower overall for
the week by 8 percent. The pressures of the global economy cant be ignored. This
was evident on Friday when indices popped up higher after some better than
expected jobs data but then sank lower again due to global market pressure.
Stock trends were volatile and unpredictable at times and investors had
difficulty anticipating direction. The uncertainty caused fear and the fear
caused plummeting trends. All three major indices ended the week so low that
they ultimately wiped out any remaining gains that they had built over the
course of this year. Investor fear on Wall Street is now heightened and this
fear is hurting individual company stock values. According to MSN Money stock
quotes, Ford Motor Co. stock finished last trading session in the red. Ford was
lower by .18 percent and closed out last trade at 10.84. Previous close for Ford
was 10.86. Frank Matto
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