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Dow Plunges After S&P Downgrade Hits

Wall Street had its worst day because the 2008 fiscal catastrophe, as investors reacted losing its AAA credit score. All 3 major U.S. stock indicators totaled between 5 percent and 7 percent, pushing the Dow under 11,000 for the first time since last November. U.S. stocks have dropped 15% throughout the previous two weeks – worldwide financial markets and loans companies, insurance and mortgage providers are in disbelief. The marketplace was not buying it though observers stated the downgrade of S&P should not matter all that far. “Investors are having one response to the downgrade: market first and ask questions later,” explained Paul Zemsky, head of asset allocation together with ING Investment Management. car loans Company Even if investors ignored the downgrade, they would still need to contend with the European debt crisis and increasing fears of a fresh U.S. downturn. Those are the aspects that resulted in a fall of over 6 percent a week, the worst since the fiscal meltdown of 2008. As well as the Nasdaq Composite (COMP) fell 175 points, or 6.9 percent, to 2,358. The sell-off was worse compared to 512-point fall stocks experienced just three trading sessions past. Companies were spared. All members of this Dow 30 and all members of this S&P 500 exchanged reduced. The VIX (VIX) — Wall Street’s so-called “panic’ indicator — jumped 44 percent to 45.98, the maximum...

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Dow Plunges After S&P Downgrade Hits

Dow Plunges After S&P Downgrade Hits: Wall Street had its worst day because the 2008 fiscal catastrophe, as investors reacted losing its AAA credit score. All 3 major U.S. stock indicators totaled between 5 percent and 7 percent, pushing the Dow under 11,000 for the first time since last November. U.S. stocks have dropped 15% throughout the previous two weeks – worldwide financial markets and loans companies, insurance and mortgage providers are in disbelief. The marketplace was not buying it though observers stated the downgrade of S&P should not matter all that far. “Investors are having one response to the downgrade: market first and ask questions later,” explained Paul Zemsky, head of asset allocation together with ING Investment Management. car loans Company Even if investors ignored the downgrade, they would still need to contend with the European debt crisis and increasing fears of a fresh U.S. downturn. Those are the aspects that resulted in a fall of over 6 percent a week, the worst since the fiscal meltdown of 2008. As well as the Nasdaq Composite (COMP) fell 175 points, or 6.9 percent, to 2,358. The sell-off was worse compared to 512-point fall stocks experienced just three trading sessions past. Companies were spared. All members of this Dow 30 and all members of this S&P 500 exchanged reduced. The VIX (VIX) — Wall Street’s so-called “panic’ indicator — jumped...

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Dow Plunges After S&P Downgrade Hits

Wall Street had its worst day because the 2008 fiscal catastrophe, as investors reacted losing its AAA credit score. All 3 major U.S. stock indicators totaled between 5 percent and 7 percent, pushing the Dow under 11,000 for the first time since last November. U.S. stocks have dropped 15% throughout the previous two weeks – worldwide financial markets and loans companies, insurance and mortgage providers are in disbelief. The marketplace was not buying it though observers stated the downgrade of S&P should not matter all that far. “Investors are having one response to the downgrade: market first and ask questions later,” explained Paul Zemsky, head of asset allocation together with ING Investment Management. car loans Company Even if investors ignored the downgrade, they would still need to contend with the European debt crisis and increasing fears of a fresh U.S. downturn. Those are the aspects that resulted in a fall of over 6 percent a week, the worst since the fiscal meltdown of 2008. As well as the Nasdaq Composite (COMP) fell 175 points, or 6.9 percent, to 2,358. The sell-off was worse compared to 512-point fall stocks experienced just three trading sessions past. Companies were spared. All members of this Dow 30 and all members of this S&P 500 exchanged reduced. The VIX (VIX) — Wall Street’s so-called “panic’ indicator — jumped 44 percent to 45.98, the maximum...

Read More