Unexpected slipping: DJIA, Nasdaq Composite index and S & P 500 tumble down

U.S. stocks slid suddenly

In brief: The Dow Jones Industrial Average fell, Nasdaq Composite Index and S & P 500 is finishing trades in the red zone because of the new wave of bearish trend.

The U.S. stock market opened in the green zone. The Dow Jones Industrial Average gained nearly 0.5% in early trading due to the banking sector and industrial companies. Now the second half of the trading session presented some nasty surprises.

The Dow Jones industrial average went down to 10208.17 points (-5.45 points) by -0.05%, Nasdaq Composite to 2167.13 points (-12.63 points) by -0.58%, and S & P 500 to 1070.88 points (-0.81 points) – by 0.08%. The New York stock exchange trading volume totaled 590 million shares, or about 27% below the average for the past three months, the ratio of shares that dropped to shares that increased is 1.2:1. NASDAQ trading volume totaled 1.33 billion shares, or approximately 19% below the average for the past three months, the ratio of shares that dropped to shares that increased is 2.1:1.

Elena Koschiko
2010-08-23 20:10, Economics.

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