Stress Test Results fear, Wall Street fall
Written by admin admin .Wall Street Stock Exchange started the action taken was fortunately (profit taking) a large number of investors, so that the closed corrected.
Worries investors in the stock trading on Wall Street Tuesday (5/5/2009) local time triggered by stress test that they say 10 of 19 banks require additional U.S. funds, to bethe trigger. Although, the U.S. government has not announced the result.
“Action this day profit taking only done a number of investors. Possibly, the action (profit taking) is still made up to Thursday, until diumumkannya stress test results from the U.S. government,” said Senior Vice President MKM Partners LLC John O’Brien, as in dilansir Reuters , on Wednesday (6/5/2009).
Meanwhile, profit taking occurred in the technology sector stocks, banking, construction and manufacture of, among other Chevron shares weakened 1.4 percent, JPMorgan shares also weakened 2.7 percent, and Procter & Gamble down 2.4 percent.
Prven, Dow Jones index closed down 16.09 points or slight 0.19 percent to the equivalent level of 8410.65. Meanwhile, the index Standard & Poor’s 500 also down 3.44 points or 0.38 percent is equivalent to 903.80 level, as well as the Nasdaq index down 9.44 points or 0.54 percent to weaken level 1754.12.
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