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Published: Tuesday 24 September, 2013

shopping online uk shopping online uk ?Crisis in Greece rattles markets

More than erasing Tuesdays 123.14point gain, its biggest daily jump since May 31, the Dow Jones industrial average on shopping online uk Wednesday closed at 11,897.27, down 178.84 points, or 1.5 percent. It had fallen just over 200 points during the session.

The Standard Poors 500 index dropped 22.45 points, or 1.7 percent, to 1,265.42, with naturalresource companies hit the hardest among its 10 industry groups.

The Nasdaq composite index declined 47.26 points, or 1.8 percent, to 2,631.46.

There are legitimate fears about Greece. Morgan Funds. economic reports as the primary culprit for equities decline, saying investors were concerned that the trend of bearish data would continue, denting corporate earnings.

Were in the midst of this mushy economic data that is not likely to turn around anytime soon, said Mark Luschini, chief investment strategist at Janney Montgomery Scott.

Dont try to blame the Greek situation, its the economy, said Elliot Spar, a market strategist at Stifel Nicolaus.

For every stock gaining more than five fell on the New York Stock Exchange, where volume neared 1.1 billion. Composite volume topped 4.2 billion.

On the New York Mercantile Exchange, crude oil fell under $95 a barrel for the first time since February, with the contract for July delivery sliding $4.56 to close at $94.81 a barrel.

A gauge of manufacturing in the New York region contracted, catching analysts off guard, while the governments consumer price index climbed 0.2 percent. Excluding food and energy costs, the index rose 0.3 percent, the biggest jump since July 2008. industrial shopping online uk production undershooting estimates with a 0.1 percent rise in May, while an alreadyweak index of builder confidence for new singlefamily homes declined 3 points in June to 13, the lowest level since September 2010.

Ahead of Wall Streets start, stockindex futures slid. That echoed moves in European equities as finance ministers meeting in Brussels failed to reach agreement on Greeces financial crisis.

Greeces opposition party reportedly asked Prime Minister George P shopping online uk apandreou to resign amid a 24hour general strike to protest new austerity measures.

A spike this week in the puttocall ratio from the Chicago Board Options Exchange proved to be a shortterm buy notice, with a big jump the next day, but with the overall trend lower, at least for a while, said Randy Frederick, director of trading and derivatives at Charles Schwab Co.

Based on charts built out of composite data from the options and futures markets, historical trends point to the third year as being the weakest in bull markets, which typically run four to five years, Frederick said.

If you dont want to get out of everything, put on some protection and ride out the summer, Frederick said. shopping online uk