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dow2664 The primary index composites finished the last trading session in the red. Not only did the Dow Jones , Nasdaq and S&P 500 finish the last session red, but all indices finished the week overall on the negative side of break-even again. script type=”text/javascript”> The Dow Jones Industrial Average finished off yesterday in the red by 1.57 percent at 10,817.65. The Nasdaq finished off red by 1.62 percent at 2,341.84 and the S&P 500 closed out in the green by 1.50 percent at 1,123.53. The DJIA ended the week lower by 4 percent. The Nasdaq finished the week lower by 6.6 percent and the S&P 500 finished off lower by 4.7 percent overall for the week. The week was another volatile one for the U.S. stock market and Friday culminated with a significant stock sell off. Major news posting this week related to the Morgan Stanley report which identified the European and American economies as both being dangerously close to recession. It might not be a bear market yet in the U.S., but it is definitely setting up for the easy transition. Now, because of the slowdowns in the European and American economies, additional concerns are presenting regarding the Chinese economy. It is a domino effect and the results are skewed negative on a global scale. Global fears are building, and as a result stock market outcomes around the globe were weaker yesterday. Asian indices went red as did the primary European indices. Overall, it was another very disappointing week for the U.S. stock market and global counterparts. Frank Matto
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