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  • Eurozone Concerns Impact Negatively on Wall Street - 31 may 2012
  • With some analysts comparing the current volatility on Wall Street with that experience in 2008, there is no doubt that world-wide markets are reflecting investor uncertainty, mostly driven by the ongoing crisis in Europe. May has not been a good month for the Dow as it has already lost more than 6 percent and looks set to close the month on a low note, registering its first losing month since September 2011. Yesterday saw the Dow closing at 12,419.32, being down 1.3 percent (160.83 points), while the Standard & Poor's 500 index dropped 19.10 points to close at 1,313.32 and the Nasdaq composite index lost 33.63 points to end the day at 2,837.36. While the drop in the price of oil caused energy stocks to take the hardest hit, stocks in all major industries reacted negatively on Wednesday.

  • First Quarter Results, Europe Turmoil & Wall Street - 18 may 2012
  • Dragged down by disappointing corporate results and ongoing concerns over the political and financial turmoil in Greece, US stocks continued to reflect investor pessimism on Wednesday. The Dow Jones Industrial Average closed the day down 33.45 points (0.26 percent) at 12,598.55, while the Nasdaq index dropped 19.72 points (0.68 percent) to close at 2,874.04, and the S&P 500 shed 5.86 points (0.44 percent) to end the day at 1,324.80. While morning trade on Wall Street included positive data regarding new home construction and industrial production, the news that the ECB has no plans to increase stimulus provisions to Greece at this time, coupled with fears of the ailing country being dismissed, or withdrawing from, the group of countries using the euro as currency, sent stocks on a downward spiral later in the day.

  • Jobs Market Continues to Sway Investors - 3 may 2012
  • Indications of a Wall Street rally at the beginning of May were short-lived as investors reacted negatively to troubling jobs reports in both the United States and Europe, despite a few encouraging signs relating to the US economy. Following the announcement by payroll processing company ADP that the US created fewer jobs in April when compared to March (119,000 and 201,000 respectively), the Dow Jones industrial average dropped by 87 points before ending the day at 13,268.57 points, being down 10.75 points. This was a sharp turnaround from the previous day when US manufacturing reports lifted the Dow to close at its highest point in over four years. The S&P 500 fell 3.51 points, closing at 1,402.31, while the Nasdaq ended the day up 9.41 points at 3,059.85


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