US markets close in red after caution of economic slow down
January 18th, 2008
The news of the economic slow down for the year and the highlighted need for easing of policy coupled with the reported losses by few well known financial institutions has triggered heavy selling in the markets. NASDAQ opened positive but the scene took a reverse course in just an hours time. The lows only continued to be increasing as hours passed by. NASDAQ closed down 1.99%.
DJIA closed down 2.46%. S&P 500 closed down 2.91% while Russell 1000 is down by 2.92%. The signal of the day is that the US markets are down. Need to wait and see how the Asian markets will take this up.
Entry Filed under: Equities, Global Markets
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