US Market Crashes Again

• Author: admin
• Filed under: World Market
• Date: Jul 10,2008

US Market started to crash yesterday
Dow down by -236.77 points to Close at 11147.44
Nasdaq down by -59.55 points to Close at 2234.89 , the market was pulled down by technology and Financial company worries.
What Dragged the Market Down

>Alcoa reported drop in earnings that met expectations.
>Larger-than-expected drop in crude inventories.Which might result soon in a increase of Crude price again.
>Tech Sector under pressure after UBS says Cisco might show not so good results as they may face challenging sales in U.S. and Europe
>Financials Sector also fall .