On Thurs (8th Aug 2011), the three benchmark stock indexes (Dow Jones Industrial, Nasdaq and S&P) all crashed into negative territory for the year. Oil also dropped sharply on thoughts of reduced global demand and even the safe haven gold sank as investors cut holdings to cover stock positions. Naturally, Treasurys and the dollar rallied. By then end of Thursday US…
Tag: Dow Jones
Weaknesses for Dow Jones Industrial Average and Nasdaq Composite indices, more to come? | Technical Analysis | US Stock Markets
Last night, the US markets are not spared from the full brutal sell-down triggered by the resurfacing of European debt issue and slowing China economy. Minutes into the opening bell, close to 130 pts was shaved off from the Dow Jones Industrial Average Index with main Dow Jones Components all affected. Dow Jones Industrial Average has been consolidating in a downward channel since early…
S&P’s US downgrades with Dow Jones Industrial Average entering into more consolidations | Stock Indices | US Stock Market
Shares fell heavily on Wall Street on Monday after a leading ratings agency fanned fears of Europe’s debt crisis spreading across the Atlantic by issuing a strong warning about America’s failure to tackle its budget deficit. S&P said that compared with the small number of developed countries with a coveted AAA rating, the US had “very large budget deficits” which…
Dow Jones, STI and US/SG stock market analysis | Stock Market & Investment | US, Singapore
Since weeks back, I have cautioned all to be nimble about stock market movements lead by the rising negative developments in Libya unrest. Oil production has been disrupted causing oil futures to surge to record high since 2009 and investors rushing into safe haven via USD & Yen, prompting rising strength in both. The latest comforting news are worth to…