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Thursday, May 17, 2012

Why the Dow Dropped Again

October 1, 2004
October 1, 2004 (Photo credit: Thomas Hawk)

The Dow Jones Industrial Average (INDEX^DJI  ) sank for the fourth day in a row, ceding 2% over that timeframe and finishing 0.26% lower on the day. The Dow’s close companion, the S&P 500 (INDEX:^GSPC  ) , also dropped, shedding 0.44%. Still, the storyline for both indexes remained basically the same. As Europe ponders its next move, the uncertainty around Greece’s potential exit from the eurozone will continue to weigh heavily on investors around the world.
Instead of revisiting the Greek exit scenario, however, let’s dive into the new developments that unfolded today. First off, General Electric (NYSE: GE  ) announced this morning that its finance... Continue to read.


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