A lot is happening in the financial world these days. One day, gold reaches all time high record level and then few days later, gold price drops more than 50 dollars.
Same kind of activity has been seen at US Stock Markets. Buyers/investors were not worried by the Euro downfall for quite some time: that is why the USA stock markets increased in the start of Euro trouble time.
However, in this week, the Euro downfall seems to be taken seriously by the investors/buyers in USA.
Overall, US stock markets showed a lot of correction in this week.
First day of the week: 17 May 10
Kind of Limited trading was seen.
DJIA increased around 6 points. That increased the index to ~10626 points.
NYSE Composite index decreased ~15 points to reach: ~7064 points
Then on the second day of the week, big decreases were seen in all major US markets.
DJIA and NYA indexes decreased more than one hundred points.
Then on the 3rd day of the week, same kind of results was seen. Buyers were interested in selling stocks rather than buying them.
The result was again a noticeable decrease in all major markets.
Then the same trend continued on 20th May 10. But this time, thing got huge : )
Major correction in US stock markets was seen and there was a time when DJIA index was thought to be dropped below 10,000 level.
DJIA index dropped 350+ points to reach ~10,068
NYA index dropped 250+ points to reach ~6,653
But then on the last day of the week, some increase was seen in all major markets.
Basically, US stock markets were under pressure most of the time in this 3rd week of May 10.
