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The markets are down today on bad news on personal income and the high price of oil. Consumer spending is slow and inflation is high. Dell also reported poor earnings. The Dow Jones Industrial Average was down 102 points down .88 percent for the day with 2 hours of trading left. The Nasdaq was down 33 points down 1.4 percent for the day.
The markets were down today on rising oil prices and bad storm news. Existing home sales were on the rise in July but prices were still down. The financial companies are doing terribly. The Dow Jones Industrial Average was down 241.81 points down 2.08 percent for the day. The Nasdaq was down 49.12 points down 2.03 percent for the day.
At the end of the day the markets were basically even. The Dow Jones Industrial Average ended up 12.78 points up .11 percent. The Nasdaq ended down 8.70 points down .36 percent for the day. Oil is rising and the economy is still having problems. The financial sector is struggling with no end in sight.
As the markets closed down today many were worried. The Dow closed down 130.84 points down 1.14 percent for the day. The Nasdaq closed down 32.62 points down 1.35 percent for the day. The problems with the iPod continued. This time overheating of the batteries caused problems. Oil also took a swing above $114 a barrel. What a roller coaster.
The markets started out down today on more bad news. The Dow Jones Industrial Average was down 134 points down 1.18 percent for the day with 4 hours of trading left. The Nasdaq was down 25 points down 1 percent with 4 hours of trading left. Inflation has everyone worried and the economy is still struggling. The price of oil is down but it doesn’t seem to matter. Retailers such as Target and Staples and Saks showed much lower earnings and drops in profits.
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The markets closed basically unchanged today. Merill Lynch is facing legal action, the airlines are going bankrupt, and Netflix had a huge outage. Can anything else go wrong? The airlines are just stupid. They are shooting themselves in the foot. I will never again fly unless absolutely forced to and even then I wont.