Primary stock indices continued to trend lower throughout the last trading
session. Primary composites closed out red in Asia-zone and Euro-zone markets.
This action negatively impacted the primary composites in the U.S. and pushed
them lower to close. Officially, the Dow Jones Industrial Average, Nasdaq, and
S&P 500 closed out on the negative side of break-even last session. Investors
continued to worry over the turmoil in the eurozone, as well as the negatively
skewed data posting out of China. The eurozone debt crisis has been ongoing but
the weaker than expected manufacturing data was a bit of a surprise for some.
Chinas manufacturing dropped to a 32 month low. Rising bond yields continue to
grab attention in eurozone markets and ultimately global indices were pushed
lower last session. The weight pushed the DJIA into the red for a third straight
day Wednesday. The Dow closed red by 2.05 percent at 11,257.55. The Nasdaq
finished lower by 2.43 percent at 2,460.08 and the S&P 500 closed red last
session by 2.21 percent at 1,161.79. The dollar gained on the euro, British
pound and the Japanese yen last session in the U.S. Oil price per barrel fell
back and gold dropped back as well. Frank Matto
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