Tuesday, September 13, 2011

Dow Jones Reclaims 11000 Level

Wall Street Recap: Dow Jones reclaims 11k
The Dow Jones tumbled as much as 167 points to 10824 intraday amid fears that Greece is moving closer to a debt default and Moody’s may cut the ratings of BNP Paribas SA, Societe Generale SA and Credit Agricole SA this week. Sentiment was also dampened by news that Bank of America will cut more than 30k jobs (>10% of its work force) by the end 2013.

However, the index made a dramatic turnaround in the last 45 minutes to end 69 points higher at 11061 amid speculation that China may invest in Italy.

Daily Dow Jones Is Still Not Out Of The Woods Yet

Source: StockCharts.com

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...