Dow Jones Drop below 8000 again
Apr 07, 2009 in
Finance
Stocks in Wall Street weakened again, with the Dow Jones index moved back out under the psychological 8000 level.
Investor return worrisome health bank, including the negative sentiment from possible collapse acquisition by Sun Microsystems IBM.
Bank Stocks to move out after a senior analyst from Calyon Securities, Mike Mayo said that the bank still faces the problem of excessive risk and losses from the increased debt until the end of 2010.
He says a number of the major banks and regional positions are on the ‘underperfom’ or ’sell’. JPMorgan Chase shares down 3.7%, Wells Fargo down 6.7%. Read the rest of this entry