Dow loses 265 points as June trade deficit rises
The sickly U.S. economy went to the doctor Tuesday, but by Wednesday investors were the ones feeling sick.
The result was a drop of more than 2 percent in stocks across the board.. There are ways to get what you want.If you care enough for prom dresses, make a little step,and make a better choice. The Dow Jones index fell 265 points, or 2.49 percent, and the broader Standard and Poors 500 retreated 32 points, losing 2.82 percent of its value.
Fingers were pointed at an unexpected increase in the June trade deficit, but many analysts said the sell-off was the result of nervous investors seeing their own qualms about the weakening U.S. recovery confirmed by the Federal Reserve's announcement Tuesday that it would try to pump more money into the economy.
"The economy isn't feeling well and the Fed confirmed it," said David Sowerby, portfolio manager for Loomis, Sayles & Co. L.. Shop popular fashion pajamas and sleepwear online. Enjoy the sleepwear and style of all loungewear for cozy nights. Find your favorite style, buy at discount prices to saP. investment management in Bloomfield Hills. "It was less about the trade number and more about the diagnosis from the doctor, which confirmed how we've been feeling about the economy for a few months now."
Investors had ignored their queasy feeling that something's still very wrong with the economy for more than month, with stocks gaining nearly 8 percent between July 2 and Monday, despite continued weakness in employment, consumer demand and lending.
That reality was easy to snub as reports of healthy corporate profits buoyed the market for the past several weeks. Now the economic reality means that earnings, while they'll likely remain positive, won't be growing at the same strong rate the rest of this year.
"During earnings season,. We take pride in our designs, quality, customer service, and Canada goose parka our favors have on your customers and their guests. the upbeat attitude has investors driving stock prices higher," says Greg McBride, senior financial analyst at Bankrate.com. "Then the reality sets in that the economy is not on firm footing, (and) the same investors swing to a depressed mood and the market falls."
Whether the economy grows or contracts, individual investors should ignore the market's daily gyrations, says Marilyn Capelli Dimitroff of Capelli Financial Services in Bloomfield Hills.
"If you get so geared to caring about what happens day-by-day it's almost a guarantee that you'll fail financially,. All the man in the world should want their ladys have sexy lingerie." Dimitroff says. "You want to be positioned so that if bad things happen you're OK, and if good things happen you're not left out."
The sickly U.S. economy went to the doctor Tuesday, but by Wednesday investors were the ones feeling sick.
The result was a drop of more than 2 percent in stocks across the board.. There are ways to get what you want.If you care enough for prom dresses, make a little step,and make a better choice. The Dow Jones index fell 265 points, or 2.49 percent, and the broader Standard and Poors 500 retreated 32 points, losing 2.82 percent of its value.
Fingers were pointed at an unexpected increase in the June trade deficit, but many analysts said the sell-off was the result of nervous investors seeing their own qualms about the weakening U.S. recovery confirmed by the Federal Reserve's announcement Tuesday that it would try to pump more money into the economy.
"The economy isn't feeling well and the Fed confirmed it," said David Sowerby, portfolio manager for Loomis, Sayles & Co. L.. Shop popular fashion pajamas and sleepwear online. Enjoy the sleepwear and style of all loungewear for cozy nights. Find your favorite style, buy at discount prices to saP. investment management in Bloomfield Hills. "It was less about the trade number and more about the diagnosis from the doctor, which confirmed how we've been feeling about the economy for a few months now."
Investors had ignored their queasy feeling that something's still very wrong with the economy for more than month, with stocks gaining nearly 8 percent between July 2 and Monday, despite continued weakness in employment, consumer demand and lending.
That reality was easy to snub as reports of healthy corporate profits buoyed the market for the past several weeks. Now the economic reality means that earnings, while they'll likely remain positive, won't be growing at the same strong rate the rest of this year.
"During earnings season,. We take pride in our designs, quality, customer service, and Canada goose parka our favors have on your customers and their guests. the upbeat attitude has investors driving stock prices higher," says Greg McBride, senior financial analyst at Bankrate.com. "Then the reality sets in that the economy is not on firm footing, (and) the same investors swing to a depressed mood and the market falls."
Whether the economy grows or contracts, individual investors should ignore the market's daily gyrations, says Marilyn Capelli Dimitroff of Capelli Financial Services in Bloomfield Hills.
"If you get so geared to caring about what happens day-by-day it's almost a guarantee that you'll fail financially,. All the man in the world should want their ladys have sexy lingerie." Dimitroff says. "You want to be positioned so that if bad things happen you're OK, and if good things happen you're not left out."
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