Stocks began the morning following yesterday's pattern of advancement.  Shortly after the open, news of a 3.4% increase in existing home sales was released.  This should have had a more positive reaction, but stocks never really got rolling.  Late in the day the former Greek Prime Minister announced what no one wanted to hear.  He suggested that they are considering leaving the Euro.  At the same time the White House stated that the European econony presented a "headwind" for our economy.  The Dow craled to a 1 point loss.

 
Posted by Jeff Jensen on 05/22/2012 02:14 PM   Comments (1)   Market Trends in the ActiveRain Channel  
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1 Comments on World Matters Keep Dow Stuck in a Divot

MAY
22
317,977 Points

All in the day of the Dow any news positive or negative can affect the ride. Thanks for sharing the latest update.
2:33pm • #1


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