Wall Street capped its worst week in seven years
with a late sell off as traders briefly celebrated the house's approval of the Wall
Street bailout bill and then sold their positions ahead of the weekend. Anxiety
in fact hitting the markets with the VIX topping 45.
Stocks fell even after US President Bush signed the bailout package. Unemployment
report showed 1,59,000 people lost their jobs in Sep. Construction,
manufacturing & retail shed maximum jobs while healthcare & govt added workers.
In commodity markets crude was little changed amid skepticism that the bailout package will keep the US from falling into a recession, curbing demand.
Dow Jones dropped 157 points at 10325.38, S&P
down 15.05 points at 1099.15 and Nasdaq slid 29.33 points to 1947.39.
A look at how the Indian ADRs performed:
|
|
|
|
|
|
|
|
No comments:
Post a Comment