Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) finally climbed down after four days continues. The weakening of this is the worst since August 2010.
Wall Street Index is apparently entering a weakening trend due to signs of economic recovery continues to retreat. Thus, the potential weakening of the index in the future is still wide open.
The 10 sectors are included in the Standard & Poor's index ended down more than one percent. And as many as 30 stocks in the Dow Industrial fell bluechips. Variety banking sector is experiencing the biggest slowdown as the impact of negative economic reports for work and manufacturing.
"I hope that S & P will be able to survive at the level of 1331 or 1324," said Director of Equities Financial BGC Roger Volz, as quoted by Reuters, in New York. "In fact, the index continued to move toward a correction," he added.
Investors seem cautious in its deliberations, the CBOE Volatility Index rose to 18.5 percent while the market becomes a bit more defensive options.
In late trading Wednesday (06/01/2011), Dow Jones Industrial fell 279.42 points, or 2.22 percent, to 12290.37. The broader Standard & Poor's 500 index dropped 30.66 points, or 2.28 percent to 1314.54. And the Nasdaq Composite Index fell 66.11 points, or 2.33 percent, to 2769.19. (GoFinance)
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