Thursday, 4 August 2011

Dow Jones Live

Dow Jones Live: The Dow Jones Industrial Average rose 29.82 points and broke an eight-day losing streak. The Dow was as much as 166 points in the morning. A ninth day of losses would be the longest for the blue chip index has been since February 1978.

The markets have fallen recently, because investors are increasingly becoming concerned about the U.S. economic worries.

Shortly after the market opening, the Institute for Supply Management said its U.S. service sector index rose in July at the weakest pace in 17 months. Economists had expected a slight increase.

The report was the latest sign over the last week that the weakening economy. Consumer cut their spending in June for the first time in nearly two years, manufacturing slowed and the government said that in the first half of the year the economy grew at its slowest since the recession ended in June 2009.

0 comments:

Post a Comment