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…
Tag: $INDU
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…