Skip to comments.Dow, Nasdaq: Worst month in two years
Posted on 05/31/2012 2:10:55 PM PDT by Signalman
NEW YORK (CNNMoney) -- U.S. stocks finished in the red Thursday, ending a wretched month on a weak note.
"May is always a difficult month for the market, and this month has lived up to that reputation," said Fred Dickson, chief market strategist at D.A. Davidson, noting that the market has suffered declines in May for three out of the last four years.
This month's weakness was by sparked escalating concerns about the eurozone debt crisis, with Spain and Greece keeping contagion worries front and center, as well as fears about a slowing U.S. economy. CNNMoney's Fear & Greed Index, which measures investor sentiment, has remained firmly in "extreme fear" territory for more than two weeks.
The Dow and S&P 500 dropped more than 6% in May. In fact, the Dow only booked five positive days this month. Meanwhile, the Nasdaq has declined more 7%.
The Dow and Nasdaq logged the worst monthly performance since May 2010, when investors were spooked by the Flash Crash, while the S&P 500 posted its biggest monthly loss since September 2011.
As stocks have tumbled, investors have rushed toward the safety of U.S. Treasuries, pushing the 10-year yield to record lows.
(Excerpt) Read more at money.cnn.com ...
The DOW is obviously racist and trying to make Hussein look bad.
Better, much better.
Well, there’s always that Facebook IPO to save things.
QE3 on its way
A slowing US Economy...??? Any Slower and it would be going backwards!!
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