The U.S stocks are declining very worse since December’2006 as the oil prices are lower and the homeowner defaults are rising at a very rapid speed. The Crude oil traded below $58 a barrel. It is said that the Energy companies will make up 9.7% of the S & P 500 by value. It is expected that there will be 5 to 6% of growth in the rate in earnings on the S&P 500 and as expected it is growing. But there has a been a spectacular slowdown from the last year. It may cause the stock market to not to have good returns this year.
The S&P 500 dropped 0.3 percent, to 1433.37 after slumping 0.7 percent last week. The Dow Jones Industrial Average fell 0.2 percent, to 12,552.55. The NASDAQ Composite Index slipped 0.4 percent, to 2450.38. All three benchmarks moved back for a third day. NASDAQ dropped $2.10 to $35.10. The second-largest
No comments:
Post a Comment