Nancy Lottridge Anderson, Ph.D., CFA, and her staff offer expert advice and personal service. We offer our services on an hourly or retainer basis for our clients. Our services include account management, stock and economic research, retirement planning, and 401k slate analysis. We manage investment accounts of any size and tailor the portfolio to meet your specific needs. For clients of ours, we are available to help with any financial situation you face.
Independent, Fee-Only Financial Advisor
Tuesday, May 04, 2010
Tuesday
The stock market suffered its worst drop in three months today as worries spread about Europe's financial stability. The Dow Jones Industrial Average saw its worst decline in both point and percentage terms since February 4th of this year. The decline also represented the Dow's fourth straight triple-digit point move, emphasizing that volatility is returning after a long stretch of trading that had been defined by modest daily moves and light volume. The Nasdaq Composite took the biggest hit of the major indexes, dropping 3%, as Apple and Google, its two most high-profile bellwethers, struggled. In other markets, the euro neared a 12 month low today as it declined to $1.3001. The currency has lost more than 11% of its value against the greenback since the start of the Greek credit crisis in November. DJIA -225.06 Nasdaq -74.49 S&P 500 -28.66.