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Stock Jun 2010 - "Stock Market: Global woes rattle the markets"

Stock Jun 2010 - "Stock Market: Global woes rattle the markets"

Stock Jun 2010 - "Stock Market: Global woes rattle the markets"

Excerpt


Stock Market: Global woes rattle the markets



Pundits who predicted a market correction in early spring were finally proved right, as the Dow Jones Industrial Average dropped below 10,000 in late May. We saw the benchmark index last close below 10,000 in early February this year. Similarly buffeted, the Standard & Poor's 500 and NASDAQ each declined by more than 10 percent. The S&P 500 saw lows in all sectors, with industrials and materials leading the slide downward, alongside the financial sector. It is not hard to determine some of the factors that contributed to the slide: worries about the banking system in Euro-based countries and concerns over tensions in Korea were two major issues.


 



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