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
Monday, June 07, 2010
Monday
Stocks fell to end below their "flash crash" lows, hurt by worries about U.S. consumer spending and European credit. The Dow Jones Industrial Average's close marked a 7-month low for the average and a dip below the trough of 9869.62 on May 6, when a sudden computer-generated wave of selling hit. A lot of today's loss came after the Federal Reserve released data painting a mixed picture of consumer borrowing in the U.S. The report suggested that Americans aren't too comfortable with their finances despite the budding economic recovery. In other markets, the dollar strengthened against the euro and the pound but weakened against the yen. DJIA -115.48 Nasdaq -45.27 S&P 500 -14.41.