Posts with keyword NASDAQ→
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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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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