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BLOG MAKE MONEY $, New York - Wall Street fell in overnight trading back so that the S & P 500 fell to the fourth year in a row as investors grew increasingly concerned about the future of Greece as a member of the euro.
New York stocks had climbed in early trading, but eventually closed down and came back negative after the European Central Bank (ECB) said it would stop providing liquidity for several Greek banks that have not been recapitalized.
ECB statement caused investor confusion resulting fluctuations in market prices because investors will react quickly to bad news from Greece.
The Dow Jones closed Wednesday trading down 33.45 points (0.26 percent) to a level of 12598.55. Technology stock index slid 19.72 points (0.68 percent) to 2874.04 and the S & P 500 index also fell 5.86 points (0.44 percent) to 1324.8.
All eyes were fixed on Europe, what is happening in Greece and what impact that will arise to the attention of investors so that the data from the records of the Federal Reserve (the Fed) has little impact for the market, "said Stephen Massocca, president of Wedbush Morgan in San Francisco.
Investors are not impressed by the minute (notes) The Fed's latest when it kept alive the possibility keijakan makers continued round of monetary stimulus to boost growth.
Concerns about the financial future of politics and political turmoil in Greece and the euro zone widening has made investments in equity losses in recent weeks that the S & P 500 has fallen 5.9 percent since the end of March.
German Chancellor Angela Merkel tried to assuage investor concerns by saying Greece will remain in the euro zone, this comment helpful mmembendung selling pressure in early trading.
Opinion polls in Greece are estimated from the left parties that oppose international bailout will win the general election next June 17 to rakyak anxious.
They fear a devaluation will occur when the Greeks finally had to get out of the country that use the single currency of the European Union, causing a massive withdrawal of money from local banks to reach 700 million euros.
Trade volume reached 7.59 billion shares, above the average transaction harinannya 6.79 billion.
source : Tempo.co
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