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Showing posts with the label ADVFN III World Daily Markets Bulletin; May 23

ADVFN III World Daily Markets Bulletin; May 23, 2013.

ADVFN I I I World Daily Markets Bulletin Daily world financial news Thursday, 23 May 2013 US Market Fed Worries, Weak China Data Drag Stocks Lower At The Open Stocks moved sharply lower at the start of trading on Thursday, extending the downward move seen over the course of the previous session. The major averages dropped firmly into negative territory, although selling pressure has waned since the open. The major averages have not seen much follow-through on their initial downward moves but remain stuck in the red. The Dow is down 94.28 points or 0.6 percent at 15,212.39, the Nasdaq is down 30.52 points or 0.9 percent at 3,432.78 and the S&P 500 is down 14.86 points or 0.9 percent at 1,640.49. The initial weakness on Wall Street was partly due to lingering concerns about the outlook for the Federal Reserve's asset purchase program. In Congressional testimony on Wednesday, Fed Chairman Ben Bernanke acknowledged that upbeat economic