Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, May 19, 2010

Wednesday

Stocks slipped today as the market continued to be plagued by worries over the euro zone's debt woes and the potential impact on U.S. companies. The Dow Jones Industrial Average fell as much as 186 points today, but it was only down 66.58 points by the session's close. However, the Dow's financial components were higher as the Senate took a vote on whether to end debate on a bill to overhaul Wall Street regulation. The euro recovered from a four-year low today. But from the long term perspective, it has been sliding due to worries that the euro zone's economy will be slow to recover from its recent credit crisis. DJIA -66.58 Nasdaq -18.89 S&P 500 -5.75.