Debt fears drag Dow below 10,000
February 8th, 2010 admin
Topics:
The Dow industrials finished below the 10,000 level Monday for the first time in three months, dragged lower by financial stocks, as investors remained concerned about Europe’s debt woes and the U.S. economic recovery.
Related Posts
As Greece’s budgetary woes are played out on the front pages on a day-to-day basis, other highly indebted European countries face a continuing challenge: how to prove to investors that they are different. With a budget deficit that hit 9.3% of gross domestic product in 2009, Portugal knows that only too well. But the head of its debt agency...
Stocks tumbled Thursday, with the Dow and S&P 500 near 3-month lows, amid fears of sovereign debt woes in Europe and a rise in weekly jobless claims ahead of Friday’s big monthly employment report.
Read More →
Stocks posted modest gains Wednesday, with the Nasdaq ending at its highest level in more than 18 months, as investors weighed falling oil prices against strength in the financial services sector and an upbeat report on wholesale inventories.
Read More →
Many people end up asking themselves “How do I lower my debt?” especially with the financial turmoil currently turning our world upside down.
Read More →
Stocks cut losses Friday afternoon but remained in the red after China’s bid to limit bank loans and slower-than-expected European growth raised worries about the strength of the global economic recovery.
Read More →
Wall Street set to keep on rolling Monday, as investors maintained a positive view of the economic recovery.
Read More →
U.S. stocks were headed for a weak start Monday, as investors remain nervous about the debt situation in Europe.
Read More →
Note: This column, which originally ran as the Ahead of the Tape , has been updated with the actual figures. Friday’s report of 5.7% growth by the U.S. economy in the fourth quarter was a glimpse of what a strong recovery looks like. With unemployment still high, though, many saw the surge as a hollow victory. This week, three economic barometers...
Stocks ended a choppy session lower Monday as investors weighed earnings news, President Obama’s health care proposal and Schlumberger’s $11 billion buyout deal for oil services rival Smith International.
Read More →
Stocks soared Tuesday, recovering from the previous session’s selloff, as investors grew optimistic that a recovery package for debt-burdened Greece may be close.
Read More →
Related Tweets from Twitter
Related News from Digg
Leave a comment
| Trackback
