Investors Fearful, Stock Market Falls
May 22, 2009 by Stephen Kersey
Filed under Business
A few weeks ago, the stock market was rising on a daily basis. Since then, it’s been up and down. Many market experts think that investors are a bit nervous because there is sentiment that there has been too much good news in a short amount of time. On Thursday, there was more evidence of fear and nervousness on Wall Street.
The Dow Jones industrial average was down 1.5% on Thursday to finish the day at 8,292.1. The Nasdaq index was down nearly 2% to finish at 32.6, while the S&P’s 500 fell to 888.2 after a 1.7% drop. A fourth index, the Russell 2000, was also down around 1.7%.
Thursday wasn’t just a bad day in the United States. Overseas, indexes in Germany, England and France all fell by more than 2.5%.
As fear and nervousness rise, more and more investors are turning to gold in hopes of a low-risk investment. As a result, the price of gold reached its highest level in approximately two months.
Even with all the trepidation in the investment world, the stock market is still in much healthier position compared to just a few months ago.
Gold Bars (Image: Flickr)
