Stocks tumbled throughout the last trading session in the U.S. Futures
positioned stocks lower this morning prior to opening bell and stocks were not
able to recover during the session today. All three primary indices in the U.S.
finished off on the negative side of break-even today. As close finalized in the
U.S., the Dow Jones was negative by 2.36 percent at 10,655.30. The Nasdaq was
lower by 3.29 percent at 2,336 and the S&P 500 closed out the session lower by
2.85 percent at 1099.23. Previous close for the Dow Jones Industrial Average was
10,913.38. The index is still negative by 1.63 percent for the one year change.
Todays market trading volume posted at 189,664,040 which was about 26,000 lower
than the three month average. The majority of the companys that make up the S&P
500 closed out the last trading session in the red. Bank of America finished red
once again. BAC closed out the day red by 9.64 percent at 5.53. Sprint Nextel
closed out lower by 10.86 at 2.71. Citigroup closed out lower by 10.09 at 23.03.
Micron Technology closed out the session lower by 14.09 percent at 4.33. Bank of
America has been grabbing big headlines lately. It continues to attract negative
attention as one of the first major banks to reveal to the public that it would
be charging an additional $5 a month for its customers who use a credit card.
This negatively skewed news is just the latest to push stock values lower. Frank
Matto
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