Friday, June 1, 2012

Wall Street is heating up, S & P 's worst since September


NEW YORK . Capital owners still do not have the courage to spend their funds in securities markets in total. This condition is clearly visible on Wall Street . At the beginning of the transaction , which is at 10:00 local time , three teams have beaten Wall Street sell- beaten .
Stock heating up , until the S & P 500 index recorded its biggest monthly decline since September 2011 . S & P 500 retreated 8.16 points, or 0.62 % to 1305.16 . Index be disappointed by the global economic developments . Number of shares in free fall from a position closing the previous day .
Among these are mining equipment company Joy Global Inc. , which already fell 7.7 % . Investors abandoned the stock immediately after Joy slashed earnings estimates because of the increasingly uncertain economy . Then TiVo Inc. , sank 5.5 % after the manufacturer of the video recorder is a loss .
Similar fate experienced by the Dow Jones Industrial Average ( DJIA ) is also minus 54.79 points, or 0.44 % to 12365.07 . Then the Nasdaq stock exchange , fell 26.84 points, or 0.95 % to 2810.52 .
"There is no barrier avalanche global economy . Although the United States ( U.S. ) to work as hard as anything to improve the economy , Europe was the one who is now a mecca for all the eyes of traders , " commentator Alan Gayle , senior strategist at RidgeWorth Capital Management in Richmond , Virginia .(Kontan)

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