Friday, March 27, 2009

Stock Market Slipped Becaused of Some Economic Data ( March 27th, 2009)

Stocks market declined after as some economic data circulated in Wall Street. The investors also took profit after two-day rally.

Here are another news today:

- The Commerce Department said that in Februay, personal spending rose to 0.2 percent, but the personal income fell 0.2 percent. These consumers's mood increased after the government do an effort to help financial system.

- President Obama will meet with the CEO of biggest banks in the country. This meeting will discuss about the plan that designed to improve and stabilize the U.S. financial system.

In addition to the news above, one thing that also quite important and worried by the investors is 2009's first quarter earnings. So again, let's hope the companies' first quarter earnings will increase or at least remain stable..

2 comments:

George DA said...

I recently came across your blog and have been reading along. Thank you for writing this article that I have enjoyed reading.
Nice blog. I will keep visiting this blog very often.

Regard

Freddy said...

You are very welcome George..

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