Wednesday, 25 July 2012

U.S.MARKET UPDATE

The US markets recover in final hour of trading but still end lower, with the Dow logging its third-consecutive triple-digit loss, pressured by ongoing worries in the euro zone. Major indices pare losses following reports that the Federal Reserve is moving closer to action to spur growth.
          Dow Jones Industrial Average slipped 0.82% or 104.14 points at 12617.32. Nasdaq Composite shed 0.94% or 27.16 points at 2862.99. Standard & Poor’s 500 fell 0.9% or 12.21 points at 1338.31.
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