U.S. stocks tumbled the most in a year
as waves of computerized trading exacerbated a selloff triggered by Europe’s debt crisis, sparking a slide in Asian shares. The rout briefly erased more than $1 trillion in U.S. market value as the Dow Jones Industrial Average fell almost 1,000 points, a 9.2 percent plunge that was its biggest intraday percentage loss since 1987 and largest point drop ever, before paring declines.
The Nikkei 225 Index tumbled 3.7 percent, the most in more than a year, as of 11:30 a.m. in Tokyo. South Korea’s sank 1.9 percent. The Dow average ended down 347.8 points, or 3.2 percent, at 10,520.32. The Standard & Poor’s 500 Index fell as much as 8.6 percent, its biggest intraday plunge since December 2008, before closing down 3.2 percent at 1,128.15. It was the biggest percentage drop on a closing basis since April 20, 2009, for both measures. S&P 500 futures rose 0.1 percent today.
Panic Selling’
The Nasdaq trade cancellation applies to transactions executed between 2:40 p.m., when the stock tumble started, and 3 p.m. The Nasdaq listed 286 securities that will have trades canceled. The list includes Accenture Plc, Exelon Corp. and exchange-traded funds such as the iShares DJ Select Dividend Index fund. The exchange posted the list on its website.
“It’s panic selling,” said Burt White, chief investment officer at LPL Financial in Boston, which oversees $379 billion. “There’s concern that the European situation might cool down global growth and freeze the credit markets.”
Problem lots in World economy
still downside in share market left
Commodity
All commodities correct from their highs more then 15 % correction already done
Crude - 77 UsD
Nickel Below 1000 level
Lead Below 90 level
Zinc and aluminium near 95 level
5 to 10 % correction in commodity expected from this level
May be the next recession Wait for us- Start from Europe
Stocks Tumble on European Debt Worries
U.S. equities tumbled the most since February and European stocks erased their 2010 gain, while the euro slid to a one-year low, amid concern a government debt crisis is spreading. Oil, copper and gold sank on a slowdown in Chinese manufacturing. Treasuries rallied.
American Market
US Market closed in big red in last trading session
Nasdaq closed 75 points down , 3 % down
Dow Jones down 225 points down 2 %
Dow Jones closed below 11,000
Commodity
All commodity closed in deep red in last trading session
Nickle- 5 % down
Copper - 3 % down
Zinc- 5 % down
Aluminum - 2 % down
Last many days i told commodity correct from that level
European Market
European market closed very deep in last trading session
All European market down near 3 % percent
Asian market
Asian market will open in deep red in today's session
A little Chance to recover from today's low before closed
May be the next recession comes from Europe
last rescission came from American
now this time Europe turn ? just Think
U.S. equities tumbled the most since February and European stocks erased their 2010 gain, while the euro slid to a one-year low, amid concern a government debt crisis is spreading. Oil, copper and gold sank on a slowdown in Chinese manufacturing. Treasuries rallied.
American Market
US Market closed in big red in last trading session
Nasdaq closed 75 points down , 3 % down
Dow Jones down 225 points down 2 %
Dow Jones closed below 11,000
Commodity
All commodity closed in deep red in last trading session
Nickle- 5 % down
Copper - 3 % down
Zinc- 5 % down
Aluminum - 2 % down
Last many days i told commodity correct from that level
European Market
European market closed very deep in last trading session
All European market down near 3 % percent
Asian market
Asian market will open in deep red in today's session
A little Chance to recover from today's low before closed
May be the next recession comes from Europe
last rescission came from American
now this time Europe turn ? just Think
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