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Dow Jones Index collapsed, merged with Asian exchanges

Saturday, August 14, 20100 komentar

Dow Jones Index collapsed, merged with Asian exchanges : U.S. stocks apparently not strong enough to bear the pressure. Dow Jones finally gave up and join the bourses in the region is almost entirely closed down. At yesterday's closing night (11 / 8), shares in U.S. stocks suffered the deepest decline. Even the sharpest decline is in the last three weeks.

A number of stocks that dragged the Dow Jones decline include: Alcoa Inc., Boeing Co. and Caterpillar Inc., each of which slipped more than 3.7% and led the decline in the Dow Jones index. The decline was also experienced by Alibaba.com down 2.4%. Alibaba shares related to the drop in the company's plans to expand along with Cisco Systems. Only, the new Cisco reported its performance under the analyst forecast.

Kemelorotan number of shares that make a hit and the Dow Jones fell 2.5% to 110,378.83. Similar conditions also experienced an index Standard & Poor's 500 Index fell 2.8% to 1089.47. This condition is similar to that experienced by Asian and European exchanges. Notes only, the index MSCI Asia Pacific fell 1.8% and Europe Stoxx 600 Index fell 2%.
"There are some things that cause the anxiety of investors. One was the step taken by the Fed in dealing with the current economic slowdown," said David Kelly, an analyst with JP Morgan in New York Fund.
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