Dow Jones Recent Lost
It seems to have been a bad day for anyone who has invested. With the recent hit that the Dow Jones has taken many are pulling their money out and finding a safe haven for it. The Dow is said to have dropped 450 points today; which is the biggest hit it has taken in the last couple of years. It has been several weeks of up and down with the Dow Jones with their numbers dropping and picking back up. "Investors took their money and went to bonds which put a yield on the 10 year treasury and pushed it below 2 percent, which is the lowest is has been in years" stated by CBS. The stock plunged at the open of the market. It is going to be a very hard month for the DOW JONES.
The market dropped 299 points earlier this afternoon then it proceeded to decline and dropped down an approximate 460 points. "It's a function of the U.S being the best hour in a bad neighborhood" said Terry Sandven, chief equity strategist at U.S bank of wealth management. No one is quiet sure how this will play out and how the stock plunge will continue to play apart in financial equity. Also the NAS DAQ composite dropped 54 points. Almost everyone seems to be suffering except for china which has bought out a majority of their trade market. It is feared that with the plunge that the greek government took could affect them next year with their bail out plan. The Federal Reserve bank of New York's Empire State Manufacturing Index went from 27.5 - 6.2 percent as new orders shrank and shipments barely rose.
It seems as if everyone is in trouble with their stock number dropping, many more than others. Everyone was affected even though it may have not been equally. With china having such large demands for products and are the main providers around the world.
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