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dow2664 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. China’s 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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