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US Market closed down on recession worries
- Filed under: World Market
- Date: Apr 9,2008
| Market opened the day with Dull mood , and almost every news that came out of market was bad and nothing helped the market to go in green lane , infact its really amazong it doesnt loose much than .3 percent on dowj jones will all the bad news that has come out.The Dow Jones industrial average (INDU) lost 0.3%. The broader Standard & Poor’s 500 (SPX) index lost 0.5%. The Nasdaq composite (COMP) lost 0.7%. |  |
What moved the market?
>Many Fed officials feel economic contraction likely
>Alcoa reports earnings that fall short of expectations
>AMD guides revenue expectations below the consensus
estimate
>WaMu raising $7 billion, cuts dividend, expects larger
than expected first quarter loss
