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Showing posts with the label ADVFN III Word Daily Markets Bulletin March 1

ADVFN III Word Daily Markets Bulletin March 1, 2013.

ADVFN I I I World Daily Markets Bulletin Daily world financial news Friday, 01 March 2013 US Market Sequester Worries Weighing On Wall Street In Early Trading Stocks have moved notably lower in early trading on Friday amid concerns about the impact of automatic government spending cuts. The major averages have all moved to the downside, adding to the modest losses posted in the previous session. The major averages have recently bounced off their lows for the young session but remain firmly in the red. The Dow is down 79.73 points or 0.6 percent at 13,974.76, the Nasdaq is down 24.35 points or 0.8 percent at 3,135.84 and the S&P 500 is down 9.06 points or 0.6 percent at 1,505.62. The early weakness on Wall Street comes as approximately $85 billion in automatic cuts to both defense and domestic spending are due to go into effect today due to Washington lawmakers' inability to reach a budget co