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Wall Street declines; Dow down 45 points
Published on Tue, Jul 15, 2008 at 08:21 , Updated at Tue, Jul 15, 2008 at 09:46
Source : moneycontrol.com
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It was a volatile start to the week on Wall Street. Financials were among major losers as investors worried that the bailout of Fannie Mae and Freddie Mac might not be enough to prevent further turmoil. Failure of Indy Mac batters the financial sector. Dow Jones ends 0.5% lower, S&P 500 declines nearly 1% while Nasdaq slumps 1.2%. Crude was just above $145/bbl. Gold prices climb and bond prices rallied. Dollar gains against Yen & Euro. The Dow Jones plunged 45.35 points, or 0.41%, to 11,055.19. The Standard & Poor's 500 index declined 11.19 points, or 0.90%, to 1,228.30, and the Nasdaq composite index lost 26.21 points, or 1.17%, to 2,212.87. A look at how the Indian ADRs performed:
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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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