November 1, 2007
The Dow Jones Industrial Average (DJIA) closed on November 1 down by 362.14 (-2.60%) points and ended at 13567.87. It was not able recover from its early losses and suffered its biggest loss in two weeks. WallStreet dropped because of worries on US banking stocks which reignited credit concerns.
November 2, 2007
At WallStreet, financial stocks took a beating early in the trading day as some big name stocks suffered downgrades. The DJIA even fell almost 150 points at one point. Gold went above the $800 a level as investors seek haven from the falling stocks.
US equities still continued to show a lot of volatility as it recovered and was even able to close higher by 27.23 points (+0.20%)to end at 13595.10
Index Value: 13,595.10
Trade Time: Nov 2
Change: 27.23 (0.20%)
Prev Close: 13,567.87
Open: 13,569.90
Day's Range: 13446.02 - 13632.90
The US dollar falls to record versus the Euro as credit concerns rises.
Futures:
NY Crude $95.93 a barrel
Gold $807 an ounce
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