The Obama - Clinton Disaster Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Obama - Clinton Disaster

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GROUND ZERO™ who wrote (36469)	8/31/2010 7:47:04 PM
From: Hope Praytochange	1 Recommendation Read Replies (1) of 103300

The stock market ended its worst August since 2001 with meager gains after minutes from the latest Federal Reserve meeting showed officials' increasing concern about the economy. Stock indexes gave up most of their gains in mid-afternoon after the release of minutes from the Fed's Aug. 10 meeting. Fed officials said during their discussions that they recognized that the economy might need further stimulus beyond the purchases of government debt the central bank announced that day. Some of the officials acknowledged that economy had softened more than they had anticipated. The Dow Jones industrial average ended with a gain of 5 points, having been up 64 following a reading on consumer confidence in August that came in stronger than expected. Stocks fell sharply for much of August after a series of reports suggested that the recovery has weakened. The S&P 500, the measure used most by stock market professionals, finished August with a loss of 4.7 percent. It was the S&P 500's worst showing for the month since August 2001, when it lost 6.4 percent as the dot-com bubble collapsed. Year-to-date, the S&P 500 is down 5.9 percent. Some traders said there was disappointment that the Fed wasn't pessimistic enough to consider quicker steps to stimulate that economy. The Dow rose 4.99 to close at 10,014.72. Broader indexes were mixed. The Standard & Poor's 500 index edged up 0.41 to 1,049.33. The Nasdaq composite index fell 5.94 to 2,114.03. Other market indicators also had dismal performances in August, having surged ahead in July on a series of strong earnings reports. The Dow lost 4.3 percent in August, while the Nasdaq lost 6.2 percent. Rising stocks outpaced falling ones by about 4 to 3 on the New York Stock Exchange, where consolidated volume was low at 4.5 billion shares.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next