Equities Close
First Published Saturday, 11 July 2009 07:14 pm - © 2009 Need to Know News
Equities finished significantly lower with the Dow down 2.5%, the S&P plunging 2.8% and Nasdaq tumbling 2.7%.
The S&P opened the session lower after the worst-than-expected NonFarm Payrolls data and continued to fall sharply in the first hour of trade. The pace of decline slowed in the afternoon but the index continued to make lower lows.
All ten sectors in the S&P500 were negative with Energy stocks plummeting 4.4% and Consumer Discretionaries falling 3.7%.
At 10am, June ISM-NonManufacturing Index is expected at 47.5 from 44. New Orders are forecast at 44.4 and Prices Paid is predicted at 46.9.
