What’s Driving the Current Market Slump?

After a three day rally and hopes the market is moving in the right direction, we see the following article from Fox Business:

The stock market closed out the session in the red, but well off of intraday lows, snapping a three-day winning streak after global economic concerns, coupled with a lack of confidence in the euro zone’s plan to deal with its financial crisis, weighed on sentiment. 

Today’s Markets

The Dow Jones Industrial Average slid 77 points, or 0.67%, to 11,406, the S&P 500 dipped 11.7 points, or 0.97%, to 1,193 and the Nasdaq Composite slumped 31.8 points, or 1.2%, to 2,523. The FOX 50 slumped 7.2 points to 859… Read more: http://www.foxbusiness.com/markets/2011/08/16/daily-market-update/#ixzz1VEMpWqci

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.

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