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MAKE MONEY BLOG$~New York - Wall Street stock market trading was quiet for a second day. Investors do not want to take risks ahead of a key meeting European Central Bank (ECB), which could spawn a new policy in the fight against local debt crisis.
Some European media mentions speculation that there is a plan of bond purchases by the ECB in their countries are in debt. But the sentiment is not enough to push stocks finished higher.
Correction occurred in early trade after FedEx Corp. shares fell quite deep after cutting their year-end performance targets. Shares of the second largest freight forwarding companies in the world had fallen more than 2%.
"It was just one company FedEx, but cut the target indicated that the slowdown in the global economy," said Leo Grohowski, chief information from BNY Mellon Wealth Management in New York, was quoted by Reuters on Thursday (06/09/2012).
The index was back and forth between red and green zones along the trade. A total of 5.49 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, well below the daily average of 7.84 billion transactions this year.
At the close of trading on Thursday, Dow Jones Industrial Average rose 11.54 points (0.09%) to a level of 13047.48. The broader Standard & Poor's 500 dropped to 1.51 points (0.11%) to a level of 1403.43. The Nasdaq Composite Index fell to a level of 5.79 points (0.19%) to a level of 3069.27.
source: detik.com
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