Nasdaq Composite and The DJIA finished bidding with unexpected negative correction

Dow Jones Industrial Average losing ground, but remains hopeful

In brief: Dow Jones Industrial Average fell victim to negative statistics as the Nasdaq Composite has lost more than 3%.

Friday, July 16. Dow Jones Industrial Average lost about 2,5%, S & P 500 completed trades lost 2,88%, Nasdaq Composite caught minus 3,1%. Trades in the U.S. stock market indexes ended the fall runoff. Pressure on the market have had disappointing economic data and quarterly statements.

As a result of trading the index of “blue chips” Dow Jones Industrial Average fell 261.26 points or 2.52%, to 10098 points. The index of wide market S & P 500 closed lower by 31.61 points or 2.88%, at around 1065 points. “High-tech” Nasdaq Composite closed down 70.03 points fall on, or 3.11% at around 2179 points. Last week the index Dow Jones Industrial Average fell by 1%, the index of wide market S & P 500 fell 1.2%, and high-tech Nasdaq Composite has fallen by 0,8%. Economic data from the United States raised concerns of investors. Consumer Confidence Index, University of Michigan fell in July to 66.5 points from 76 points in June. According to analysts, the index had grown to 74 points.

Anrey Torbinski
2010-07-18 12:24, Economics.

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