Go Finance Reporting in NEW YORK - After the rose last week, U.S. stock index (the U.S.) seem lifeless. Nevertheless, the lack of value of transactions indicates the market is still volatile. The Nasdaq managed to close higher, while the Dow Jones and S & P 500 ended down after five days earlier recorded a best position for the last two years.
S & P rose 5.6 percent last week, rebounding from a weakening trend over the last two months. But concerns about economic growth and the potential to harm the U.S. debt in the coming days.
"It is not surprising if the market weakened today. The reason we have passed a sunny week," said Baring Asset Management chief investment Hayes Miller was quoted as saying by Reuters on Wednesday (07/06/2011).
In another prospective, Moody's Investors Service lowered the credit rating Portugal into "junk territory" due to the risk to be borne by the country making it need bailouts before it can return to the capital markets. It makes the debt is still alarming despite eurozone has no resolution for Greece's fiscal crisis.
After the holiday commemorating Independence Day, in late trading Tuesday (07/05/2011) local time, the Dow Jones Industrial Average fell 12.90 points, or 0.10 percent, to 12569.87. Standard & Poor's 500 index fell 1.79 points, or 0.13 percent, to 1337.88. And the Nasdaq Composite Index rose 9.74 points, or 0.35 percent to 2825.77.
Recorded relatively low trading volumes, just as much as 6.04 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq, below the daily average last year that as many as 8.47 billion shares. (GoFinance)
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