Dow Jones ends the week down at 120.90 due to a double whammy of oil prices which breaks $126 per barrel as well as the losses of AIG which seeks $12 billion dollars in fundings after losing nearly $8 billion this quarter. All this topped up by a decline in spending causing a decrease in deficit which was suppose to be good news just that the decline was due to decline in consumer spending which directly affects the economy and indicates a slowdown.
Dow Jones End the Week on a Sour Tone
By Finance in Dow Jones End the Week on a Sour Tone
May
9