Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, May 26, 2010

Wednesday

Stocks started off better today but turned negative late in the session as worries about global growth resurfaced. The Dow Jones Industrial Average was up 135 at its morning high, but the index began to slide by the afternoon. Today was the first day that the Dow closed below 10,000 since early February. The afternoon reversal makes for the third day in a row that the market has had a late-day move that erased the performance it had posted through most of the session. DJIA -69.30 Nasdaq -15.07 S&P 500 -6.08.