Although there is a lack of data today being Columbus Day yet we watch the worlds leading economy shares plummet as soon as the local stock market opened till that it closed following last week’s advance in benchmark indexes, as European finance ministers prepared to meet to discuss the region’s debt crisis.
As of 4:15 p.m. New York time Dow Jones Industrial Average slid 26.50 points, or 0.19 percent, to 13,583.65 while that the Standard & Poor’s 500 Index decreased 5.05 points or 0.35 percent to 1,455.88 and the Nasdaq Composite fell by 23.83 points or 0.76 percent to 3124.51.
Now Apple, the world’s most valuable company, slumped 2.2 percent and dropped below 600 billion in market value.
Plus Facebook Inc., operator of the biggest social networking company, slid 2.4 percent after being downgraded at BTIG LLC. Netflix Inc., the world’s largest video-subscription service, advanced 10 percent after the shares were raised at Morgan Stanley.
As for the dollar index, which measures the strength of the green Benjamin in front of a basket of major currencies, it rose faintly to 79.55 to record a high of 79.70 and a low of 78.71 while that the black gold to fell faintly to 89.39 a barrel a high of 89.86 per barrel and a low of 88.21 per barrel.