Stocks dropped heavily yesterday, amid concerns about oil pipeline disruptions in Turkey, below-expectations quarterly earnings at Wal-Mart and AIG, and an increase in weekly jobless claims. I consider Wall Street to have reached a base level of health when the Dow is at 12,000, the S&P 500 at 1,300, and the NASDAQ at 2,500. Currently, the indexes are -648 below base, falling from yesterday’s -377.
Thursday, August 07, 2008
FOX Index Declines
Stocks dropped heavily yesterday, amid concerns about oil pipeline disruptions in Turkey, below-expectations quarterly earnings at Wal-Mart and AIG, and an increase in weekly jobless claims. I consider Wall Street to have reached a base level of health when the Dow is at 12,000, the S&P 500 at 1,300, and the NASDAQ at 2,500. Currently, the indexes are -648 below base, falling from yesterday’s -377.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment