Monday, June 22

DOW Falls Back Again

Stocks and Shares - U.S. Markets Tumble Again

Is this the end of the stock market's bull run? If you are into online stock trading then the bull run since March has either made you very happy or very frustrated. If you got in then well done, a lot of people however have been sitting on the sidelines waiting for the DOW and S&P to test the market lows seen in March. So far the markets have stubbornly refused to fall back, but we may be seeing signs that the bull rally is finally running out of steam.

Lowered expectations for the global economy are giving investors more to be wary about.

U.S. stock indexes fell more than 2% today after a prediction by the World Bank that the global economy will decrease 2.9% in 2009 this is an icnrease from its previous forecast of 1.7%.

The possibility that there will not be a quick economic recovery also affected the price of oil, metals and commodities, with share prices falling sharply.

The Dow Jones fell 171, or 2% to 8,367. The S&P 500 index fell 23, or 2.6% to 897. The Nasdaq fell down 55, or 2.9 percent, at 1,772. In London the FTSE closed down 111 to 4234.

Last week was the stock market's first weekly loss for over a month after mixed economic resultsk.

Analysts are expecting trading in New York to be cautious this week after the DOW fell 3% last week.

Crude oil also fell $2.65 to $66.90 a barrel.

Chevron Corp. fell $1.95, or 2.9%, to $66, Alcoa Inc. fell back 79 cents, or 7.2%, to $10.20.

The dollar was higher against most other major currencies,.

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