The Dow Jones Industrial Average continues its confident fall

The situation at the US stocks remains negative

In brief: This Friday the situation at the US stock remains negative as the Dow Jones Industrial Average falls lower and lower.

This Friday the situation at the US stock remains negative as the Dow Jones Industrial Average falls lower and lower, followed by the other leading indexes. By now the Dow Jones index decreased 2.18%, the S&P 500 lowered 2.49% and the Nasdaq fell 2.61%.

After the reports about second-quarter result the Bank of America along with Citigroup decreased prominently, affecting the market. While the reports turned out to be worse than experts forecasted, the Bank of America lost nearly 9% and Citigroup followed, lowering over 4%. Goldman Sachs managed to remain one of the few winners today, rising 2.54% after the conflicts with the regulators were settled.

Olga Bespalova
2010-07-16 18:14, Economics.

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