This week is fraught will series of uncertainties – Greece default issues, S&P’s downgrade of Italy credit ratings, strengthening of USD as a safe haven etc. This has resulted an increased volatility in stock prices. But are we at the bottom of the movements for some bargain hunting? Or its the calm before another storm? Dow Jones Industrial Average The…
Tag: Nasdaq
Nasdaq halted its rally in face of weak US jobs data | Technology stocks to face short term selling pressures | US Stock Market
On Friday 2nd Sept, U.S. Labor Department reported no job growth in the nation last month, pressuring energy demand forecasts and prices even as a tropical storm in the Gulf of Mexico prompted precautionary rig evacuations. The Labor Department reported payrolls were unchanged on the month, while the jobless rate held at 9.1%, as the first downgrade of the country’s…
Finding silver lining among Stock Market major declines and increase risk aversion | Fundamental Analysis | Global Stocks Market
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…
New weakness in bourses, new lows in Technical charts | Nasdaq, Dow Jones Industrial, Volatility Index | US Stock Market
For the week ending last Friday, most bourse indices has hit significant weeks low and US stock indices were down for consecutive 5 trading days on the backdrop of weak US & China economic data. Further downgrades of Greece by S&P added further anxiety among investors. Dow Jones Industrial index has breached the 2 important Moving averages and it should…