No Optimism For The Markets As The Debt Crisis Is Contained

Wall Street closed sharply lower Monday’s session, investors were skeptical about the ability of the Europe Agreement negotiated last week to effectively contain the debt crisis.

The Dow Jones Industrial 30 closed down 1.34%, yielding 162.87 points to 12,021.39 points.

The S & P-500, wider, lost 18.72 points, or 1.49% to 1236.47 points.

The Nasdaq Composite fell on its side of 34.59 points (-1.31%) to 2612.26 points.

Fitch has heightened concerns in the market believing that economic growth in major advanced economies expected to slow to 1.3% this year and 1.2% in 2012 before accelerating to 1.9% in 2013.

Moody’s announced it would review the notes of the countries of the European Union in the first quarter 2012, the top of last week have not produced a sense of decisive result and leaving the euro area exposed to new shocks.

The chief economist at S & P Europe for its part, should be considered other EU summits to resolve the debt crisis and that time was short, even if the agreement announced last week was an important step towards the resolution of a “crisis of confidence”.

Values​​, the title gives Bank of America Corp. 4.72%, JP Morgan Chase and Citigroup 3.43% 5.38%.

The title Boeing lost 1.43% on the session. The board of directors of the group approved an increase in the quarterly dividend by 5%.

Intel closed down 4.04% after announcing that its quarterly revenue would be lower than initially expected because of supply problems hard disks and their impact on the IT market.

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