U.S. Stocks Open Sharply Lower; Major Indexes Slump 2%; Dow Below 10,000.
Major stock indexes fell rapidly as trading opened in the
United States Tuesday, following sharp falls in Europe, as
traders worried about mounting tensions on the Korean
peninsula, spreading fallout from the debt crisis in Europe,
and new signs that the recovery in the American housing
market was faltering.
What does this mean? Well to break it down a little it simply means, that the Dow Jones industrial average fell more than 250 points (or 2.5%), in the first few minutes of trading,which is well below the 10,000 level. In addition similar declines were seen in the Standard & Poor's 500 as well as the
Nasdaq composite. All this seems to be a reaction to major European indexes falling 2.8% or more.
---
go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.
Sponsor This Post(via PayPal) and Replace This Text.
follow me on Twitter
No comments:
Post a Comment