Wall Street suffered its worst week in the last two years at the close of trading Friday. The entire main index on the stock uncle sam is berfluktatif before finally closed lower.
More than 15.9 billion shares, or the equivalent of twice the normal daily volume, traded in the middle of the transaction are very busy as investors took profits from stocks 'heavyweight' that had begun to decline a day earlier.
The movement of U.S. stock market is very volatile overnight, and fast-paced, the range between the highest and lowest intraday position of Dow Jones as much as 416.41 points yesterday.
Massive sell-off is a reflection of the contempt of investors against the slow pace of U.S. economic growth and the inability of politicians in tackling the U.S. debt crisis.
Trading volume also set a new record, a sign that investors are securing their portfolios before the shares are increasingly falling. CBOE Volatility Index, or the benchmark investor concerns, rose high 39.25 to its highest level since May 2010.
"Volatility Index has risen nearly 90% in the last two weeks on concerns of Europe's debt crisis, the global economy and the performance of the issuer. It gives a damning investor sentiment," said a senior market analyst at online brokerage optionsXpress Joe Cusick at Chicago, was quoted as saying by Reuters Saturday (08/06/2011).
S & P 500 Index yesterday was trimmed 12% from its highest closing on 29 April. The market is watching the European leaders in resolving the debt crisis.
While the U.S. alone, employment data in July there is the addition of 117 000 additional work compared with the predictions of 85,000. While the U.S. unemployment rate edged down to 9.1% from last month at 9.2% in June.
Dow Jones Index increased 60.93 points (0.54%) to a level of 11444.61. But Standard & Poor's 500 thin 0.69 points (0.06%) to a level of 1199.38. The Nasdaq Composite Index fell 23.98 points (0.94%) to a level of 2532.41 points.
Within a week, the Dow Jones index fell 5.8%, S & P 500 fell 7.2% and Nasdaq 8.1% cut.
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