Investors on Wall Street remain on edge regarding the Greek austerity action
plan. The primary stock indices in the eurozone closed out the opening trading
session of November in the red. The CAC 40 finished lower by 5.23 percent. The
DAX in Germany closed out lower by 5.09 percent and the FTSE 100 finished the
day red by 2.78 percent. The plan that European leaders agreed on during the
final week of October is now in question during the opening week of trading in
November. Market indices around the globe dropped lower as news spread of the
Greek calls for a referendum. The financial crisis looms large once again in the
eurozone and recessive potentials are now back on the table. As a result, the
primary index composites in the U.S. finished in the red across the board. The
Dow Jones Industrial Average closed the last session lower by 2.48 percent at
11,657.96. The Nasdaq finished the last session red by 2.89 percent at 2,606.96.
The S&P 500 closed out the opening day of November lower by 2.79 percent at
1,218.28. Stocks in the U.S. ended the opening session significantly lower.
Investors are worried that the austerity plan in Greece is in jeopardy and that
global markets will be pressured due to the delays the call for a public vote
has caused. The dollar continued to gain strength versus primary global indices.
Oil price per barrel dropped lower last session as did gold price per ounce.
Frank Matto
No comments:
Post a Comment