The S&P 500 finished the last quarter off with a significant drop in overall
value. All three primary indices finished the last trading session off in
negative fashion. The S&P 500 closed out the day red by 2.5 percent or negative
28.98 points to finish at 1,131.42. The Nasdaq finished off the last trading
session in the U.S. negative by 2.63 percent or negative 65.36 points to close
out at 2,415.40. The Dow Jones Industrial Average closed out negative by 2.16
percent or negative 240.6 points at 10,913.38. Stocks under the S&P 500 umbrella
fell off last Friday in noteworthy fashion. The drop experienced by stocks in
the S&P equaled the biggest quarterly drop since the last quarter of 2008. The
weight of the debt crisis in Europe, paired with general investor anxieties
pertaining to the health of the global economy, are pushing index composites
into the red. Some of the primary losers for the S&P last session were Morgan
Stanley, Wynn Resorts, Ralph Loren Corp., and Nabors Industris. MS dropped lower
by 10.47 percent to close out at 13.51. WYNN dropped off by 8.33 percent to
close out at 115.08 last session. RL finished lower by 8.33 percent to close out
at 129.70 and NBR finished off the negative session by dropping 6.48 percent and
closing at 12.26. Prior to opening bell this morning, future indicators for the
S&P 500 were posting red. Frank Matto
No comments:
Post a Comment