Dow Skids 200

0 Posted by - September 19, 2011 - Career & Business, Economics

screen shot 2011 09 19 at 11 39 24 am Dow Skids 200*Taken from CNBC.

Stocks were off their lowest levels Monday, but were still under selling pressure amid renewed concerns over Greek debt and disappointment over the results of a meeting of European finance ministers over the weekend.

The Dow Jones Industrial Average dropped sharply, led by JPMorgan [JPM 32.2675  watchlist down Dow Skids 200  -1.1625  (-3.48%)   realtime icon Dow Skids 200] and Alcoa [AA  11.515  watchlist down Dow Skids 200  -0.455  (-3.8%)   realtime icon Dow Skids 200] afterlogging a gain in the previous week.

The S&P 500 and The Nasdaq also tumbled. The CBOE Volatility Index, widely considered the best gauge of fear in the market, jumped to more than 34.

All 10 S&P sectors slumped, led by energy and financials.

CONTINUED..

2 Comments

  • beaufortninja September 19, 2011 - 8:43 PM

    I don’t even pay attention to stocks anymore. One day they’re up, the next day they slide. For a system created by people, the economy is shockingly difficult to control.

    • Admin September 20, 2011 - 5:50 PM

      Best way to control it is no control. Let the ship steer itself.