Thursday 16 February 2012

U.S. MARKET UPDATE


The US markets closed lower. The Dow logged its sharpest decline this year as the deadlock over the Greece debt situation made investors nervous. Apple tumbled in trade closing below 500 dollars a share, thereby weighing heavy on the S&P and the Nasdaq.


Dow Jones Industrial Average shed 0.76% or 97.33 points at 12780.95. Nasdaq Composite slipped 0.55% or 16 points at 2915.83. Standard & Poor’s 500 declined 0.54% or 7.27 points at 1343.23.



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