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Anga Aliya - detikFinanceYork - Wall Street stocks closed lower for the fourth week in a row due to selling pressure on fears of recession made investors in the United States (U.S.) and the collapse of the European financial system.
Investors who had just suffered the loss of leading shares falling again struck by the gloomy prospect of Hewlett-Packard, which fell nearly 20%. Suffered most in the correction since the market crash in 1987 ago.
One month latter is a severe condition for the stock market, ranging from dipangkasnya U.S. debt rating to the global economic slowdown. The S & P has lost 13.1% in the last month, following nearly the same correction in October 2008.
"What I see now is a crisis of confidence, more severe than the economic and financial crises that exist today," said Head of Capital Investment Trunow Natalie Calvert Investment Management in Bethesda, Maryland, as quoted by Reuters on Saturday (20/08/2011) .
Hewlett-Packard's stock plummeted 19.9% to its lowest level in six years at U $ 23.6 and makes the largest correction in the Dow Jones, plans to release the world's largest business unit is a PC (personal computer) as well as lowering its target.
This correction following the weakening of Wall Street a day earlier. In trading Thursday, the Dow Jones fell over 500 points, while the S & P 500 and Nasdaq each trimmed 5%.
Concerns about the entry of U.S. and global economy into a recession made investors shriveled balls. Worst trade in Thursday's has become the sixth time in two weeks the S & P 500 index fell more than 4%.
Stocks fall leads technology-based Dow Jones, like HP, International Business Machines Corp., Intel Corp. and Microsoft Corp. are blue chip stocks that fell. IBM shares fell 3.8% to U.S. $ 157.54, while Intel dropped 2.9% to U.S. $ 19.19, and Microsoft lost 2.5% to U.S. $ 24.05 per share.
The Dow Jones fell 172.93 points (1.57%) to 10817.65 position.The broader Standard & Poor's 500 fell 17.12 points (1.50%) to a level of 1123.53. The Nasdaq Composite Index fell 38.59 points (1.62%) closed at 2341.84.
Within a week, the Dow Jones index fell 4%, S & P 500 index slid 4.7% and the Nasdaq Composite Index lost 6.6%.
(Ang / ang)
Source: detikFinance
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Investors who had just suffered the loss of leading shares falling again struck by the gloomy prospect of Hewlett-Packard, which fell nearly 20%. Suffered most in the correction since the market crash in 1987 ago.
One month latter is a severe condition for the stock market, ranging from dipangkasnya U.S. debt rating to the global economic slowdown. The S & P has lost 13.1% in the last month, following nearly the same correction in October 2008.
"What I see now is a crisis of confidence, more severe than the economic and financial crises that exist today," said Head of Capital Investment Trunow Natalie Calvert Investment Management in Bethesda, Maryland, as quoted by Reuters on Saturday (20/08/2011) .
Hewlett-Packard's stock plummeted 19.9% to its lowest level in six years at U $ 23.6 and makes the largest correction in the Dow Jones, plans to release the world's largest business unit is a PC (personal computer) as well as lowering its target.
This correction following the weakening of Wall Street a day earlier. In trading Thursday, the Dow Jones fell over 500 points, while the S & P 500 and Nasdaq each trimmed 5%.
Concerns about the entry of U.S. and global economy into a recession made investors shriveled balls. Worst trade in Thursday's has become the sixth time in two weeks the S & P 500 index fell more than 4%.
Stocks fall leads technology-based Dow Jones, like HP, International Business Machines Corp., Intel Corp. and Microsoft Corp. are blue chip stocks that fell. IBM shares fell 3.8% to U.S. $ 157.54, while Intel dropped 2.9% to U.S. $ 19.19, and Microsoft lost 2.5% to U.S. $ 24.05 per share.
The Dow Jones fell 172.93 points (1.57%) to 10817.65 position.The broader Standard & Poor's 500 fell 17.12 points (1.50%) to a level of 1123.53. The Nasdaq Composite Index fell 38.59 points (1.62%) closed at 2341.84.
Within a week, the Dow Jones index fell 4%, S & P 500 index slid 4.7% and the Nasdaq Composite Index lost 6.6%.
(Ang / ang)
Source: detikFinance
please give me comments thanks
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