Reported by: Eric CRWE Newswire Middle East correspondent
The Dow Jones Industrial Average dropped 74.25 points or 0.7 percent to close at 9,985.81 for the day. The Dow closed below its psychological barrier of 10,000 for the first time since July 6th, 2010.
Standard & Poor also declined 0.8 percent to 1,047.22 and NASDAQ also fell of 1.1 percent to close at 2,115.69.
Total traded volume stood at 1 billion shares and bearish sentiments were seen in the New York Stock Exchange as every two stocks against one witnessed correction in today’s trading session.
Though there was positive news of a fall in jobless benefit claims last week, however the indicator for jobless claims consistently had risen for three weeks prior and the market could not perform as traders remained uncertain about the US economic recovery.
HEICO Corporation (NYSE:HEI) was the highest gainer in the market reporting an increase of 15.26 percent to close at $41.76 with traded volume of 418,700 shares.
Guess Inc. (NYSE:GES)was among the major losers dropping 10.7 percent to close at $34.14 with traded volume of 11.42 million shares.
Citigroup Inc. (NYSE:C) remained the most active stock on NYSE as usual followed by SPDR S&P 500 ETF (NYSE:SPY) as both reported a fall of 0.54 percent and 0.67 percent with traded volumes of 333.45 million and 222.63 million shares respectively.
The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
No comments:
Post a Comment