Today’s Stock Market Dow Jones Industrial Average dji, S&P 500, Nasdaq Index Trends, Notes September 7th 2010 Close
Posted on | September 7, 2010 | No Comments
The major indexes are in the red today as stocks went lower due, in part, to the European debt worries. Apprehensions regarding the slow economic recover in the United States are keeping many from making moves deemed to risky for the current economic climate. Many were expecting a carry over from last week’s progressions but the trend lines tell another story. Investors moved towards safe haven assetts and stock trend lines went into the red because of these moves.
Investors are currently having doubts over the European bank security. Leaders such as American Express, Citigroup and JP Morgan Chase posted losses and other stocks came tumbling after. The end of day close for the Dow Jones Industrial Average was at 10,340.69 down 1.03%. The end of day close for the Nasdaq composite was at 2,208.89 down 1.11%. The S&P 500 was in the red as well as it ended the day off 1.15% at 1,091.85. The Treasury fell into the red with the rest. The US dollar advanced against the Euro but lost to the yen. Strong trading sectors today were construction materials, systems software, and gold. Weak areas included health care facilities, multiline insurers, life and health insurers, regional banks and diviersified banks, hotels and employee services.
Author: Frank Matto