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US markets end lower; Dow down 56 points
Published on Tue, Jul 08, 2008 at 08:16 , Updated at Tue, Jul 08, 2008 at 09:44
Source : moneycontrol.com
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US markets whipped back and forth and finally landed in negative territory. Freddie Mac and Fannie Mae saw steep declines as the weakness in the housing market continued. Energy stocks like Exxon Mobil and Chevron led the sector lower as oil eased off. Crude plunged USD 3.92 to close at USD 141.37 a barrel on the NYMEX. The Dow lost 56.58 points, or 0.50%, to 11,231.96. The Standard & Poor's 500 index slipped 10.59 points, or 0.84%, to 1,252.31, and the Nasdaq composite index dropped 2.06 points, or 0.09%, to 2,243.32.
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Other comments
All that money you`ve lost where did it go?
continued.... Jorgenson says no the amount of wealth in the world "simply decreases in a situation like this."...
in Other Market Topics - my_money at 13-Oct-08 08:47
All that money you`ve lost where did it go?
Trillions in stock market value gone. Trillions in retirement savings gone. A huge chunk of the money you paid ...
in Other Market Topics - my_money at 13-Oct-08 08:46
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