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Stock May 2011 - "Stock Market: Swings And Roundabouts"

Stock May 2011 - "Stock Market: Swings And Roundabouts"

Stock May 2011 - "Stock Market: Swings And Roundabouts"

Excerpt


Stock Market: Swings And Roundabouts


What a difference two days makes:



  • Following the mid-April announcement that Standard & Poor’s had cut its long-term outlook on U.S. debt to negative, stocks declined precipitously, nearly reaching the biggest one-day loss, which was recorded on March 16 after the tsunami hit. 


  • Barely two days after the S&P announcement, the Dow Jones Industrial Average saw a major rebound, hitting its highest close since June 2008.





 


 


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