August. It is been done since a week ago. However, for those who invest their money in stock exchange market, of course they still remember about terrible stock exchange closing especially on Wall Street. Wall Street was closed August with the worst reduction since 2001. In the beginning, the shocking positive data made stock index stable. However, the reduction of technology stock was crushed the rise of stock index.
On Tuesday (8/31-2010), data showed Dow Jones index was closed with little rise 4.99 point (0.05%) to the level of 10,014.72. Standard Index & Poor’s 500 also increase from 0.41 point (0.04%) to the level of 1,049.33 and Nasdaq reach lower level from 5.94 point (0.28%) to the level of 2,114.03.
On Wednesday (9/1-2010), Eric Kuby; chief investment officer North Star Investment, gave his own opinion to the Reuters that “Detik Finance” marked. He said,” Market seems move around for every data that out. Every news makes a reaction and every 15 minutes later people always looking for another news because of it.”
For last August, Dow Jones index marked because of it decrease 4.30%, also Nasdaq 6.24%, S&P 500 reach lower index approximately 4.75%. Those data show the record of the worst reduction on August since 2001.
The Market walk through on moderation with the transaction at 11 Wall Street with reach 8.16 billion pieces of stock, under averagely on previous year which reach 9.65 billion.(am)
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