The stock market once again proved it can be an incredibly unforgiving and swiftly punishing place, as a two-week long downturn was given new fuel by Standard & Poor’s decision last Friday to downgrade the U.S. credit rating.
New York Stock Exchange (NYSE) / Dow Jones Industrial Average plunges once again. Well, it’s deja vu all over again. Even after a better than expected jobs report this morning the stock market rally has faded. All three major indexes are swinging between gains and losses in the first half of the trading day.
The month of September gives equity investors a sinking feeling and for good reason: Historically, this has proven a bad month for the stock market.
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NEW YORK (Reuters) – The Dow and S&P 500 edged lower on Friday as China’s move to curb bank lending and euro zone growth data stoked fears that the global economic recovery might be in jeopardy.
Even so, stocks were sharply off their earlier lows as investors held out hope that the European Union would come up with a more reassuring plan to aid debt-laden Greece and restore confidence about countries using the euro.
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