The primary stock market indices in the U.S. ended in the red on the last
trading session last week and investors on Wall Street are more worried about
the struggling U.S. economy with each additional negative close. The Dow Jones
closed out Friday lower by 4 percent at 10,817.65. The Nasdaq ended the session
lower by 6.62 percent at 2,341.84 and the S&P 500 finished lower by 4.69 percent
at 1,123.53. All three experienced a choppy and volatile week in the
marketplace. Weaker than expected economic news continued to add up during the
week and negative global economic news did little to help support any rebounds
this week. Concerns are growing over the eurozone debt problems and Morgan
Stanley issued a report stating that the American and European economies were
dangerously close to recession. Market indices could not recover from the myriad
of negatively skewed data that presented. Individual stock values experienced
the pressure as well and dropped off into the red. USAA aggressive growth mutual
fund was unable to fight off the negativity as it closed out on the negative
side of breakeven on Friday. Value this day was red by 1.66 percent and closed
at 29.03. Previous close for the mutual fund, USAUX, was 29.52. According to MSN
stock quotes, the fund currently holds a negative one month change status by
15.44 percent. Frank Matto
No comments:
Post a Comment