Posts with keyword dow-jones→
Market tanks on “Black Monday” anniversary
Wall Street saw a brutal sell-off today, with the major market indexes – Dow Jones, S&P 500 and NASDAQ – dropping respectively 2.64% (367 points), 2.56% (39 points) and 2.65% (74 points). The slide reflects, among other things, a continued concern about credit and housing issues, rising oil prices, falling dollar value, and uncertainly on Fed’s next move.
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How to predict a bear market (if you can!)
Since July 19 this year, when Dow Jones Index rose to a record 14,000 points, it is down to 12,845 at yesterday’s closing (even falling below 12,600 at one point). That is almost 10% drop in less than a month, nearing the official definition of a market correction
. Is this a precursor to a bear market? Here are CNN Money’s 5 ways to know:
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Investing abroad in turbulent times
US stock market has just closed for the day with all major indexes again taking big dives: Dow Index is down by 387 points (a single-day 2.9% drop, 2nd worst of this year), S&P 500 down 44 points (3% drop), and NASDAQ down 57 points (2.2%). In the rest of the world, London’s FTSE Index was down 1.9%, Tokyo’s Nikkei up 0.8%, India’s SENSEX down 1.4%, and Australia’s ASX up 1.1%. These are the times when many investors begin to ask if they should jack up their stock holding in foreign markets. After all, the domestic and foreign markets rarely move in lockstep, and having a chunk of my asset allocated to foreign stocks should minimize any impact of a major domestic slump.
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A layman’s take on market fluctuations
If we look at the data for a broad stock market index, such as the Dow Jones Industrial Average or S&P 500 Index, three things jump out of the page. The first one is good news – there is a strong upward trend in market movement over the entire recorded history. This means that holding onto a diversified portfolio should fetch significant gain over long term – a popular retirement strategy for many who still have several years left before hanging up their boots.
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Bearish run in a bullish market
Last week ended with the second major stock market slump of this 
year that has barely gone through its first half. After a turbo-charged run over the last 5 months (since the first slump of ‘07), during which Dow Jones Index rose 2000 points to cross 14000 for the first time on July 19, it dropped 700 points in the space of only 7 days since then (see picture). All the other major US market indexes also moved in a similar way, as expected (here is S&P500 Index). Someone in Wall Street made a comment that the bull run has finally ended, even though the bull market is still on. Go figure!
