Friday, September 23, 2011

DJIA Index DJX DJI Drops Big; MSN Money Stock Quotes USAA Mutual Fund Drops Red Stock Market Investing News

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dow2664 The stock market indices in the U.S. plummeted during the last trading session. The sell-offs that initiated Wednesday, carried through and continued after opening bell Thursday. The Dow Jones experienced significant losses just after opening bell and did not recover. At one point, the Dow Jones Industrial Average had lost approximately 500 points on the day. Investors on Wall Street experienced a disappointing reality on Wednesday when the Federal Reserve posted remarks after its two day policy meetings. Many were hoping for the Feds to come to the economic rescue, but this did not happen. The Feds will not be initiating another round of economic stimulus at this point in time. The dollars that investors were hoping to see injected into the economy are not forthcoming. The primary indices moved significantly lower as stocks were hammered throughout the day. U.S. stocks ended sharply lower and many fear the recession double dip, and some expect it could be worse. Individual stocks felt the heat and a multitude of funds dropped lower as a result. The USAA Aggressive growth mutual fund closed out the day in the red. USAUX dropped 3.72 percent on the day to close out at 30.02 per share. Previous close for the fund was 31.18. Frank Matto



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