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Stocks Start Week Down, Again

This Monday was no more kind to investors than the last one.  Just about everything’s down today - and by quite a bit - and although it’s now a bit more disconcerting than comforting, the driving factor is once again pretty hard to pin down.

Here’s the usual summary for you first: the Dow went down by 187.13 points, or 2.13 percent, which counts as its biggest loss since April 20th.  The Nasdaq dropped by 42.42 points, or 2.28 percent.  Finally, the S&P 500 lost 22.49 points, or a not-good 2.38 percent.

As for specific negative factors, well, there weren’t any significant ones.  U.S. Treasuries rose, and Russia’s finance minister actually made some positive comments about the American dollar.  People are just continuing to be tentative, it seems, and cashing out when they can.

James Gaul of Boston Advisors LLC told Jeff Kearns, “We’re starting to see wariness in the markets about where we go from here.  We’re still in a recession and we’re still losing jobs.  The economy’s struggling.”

One sort of bright side is that trading volume was light today, meaning not everyone was in a rush to unload all of their stocks, at least.


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