Wall Street brings down S. America
The Latin American stock markets are being dragged down by Wall Street, whose Dow Jones Industrial index fell by 3.13
percent, after the Texas oil closed at a record price. The sharp decline in the New
York Stock Exchange took place in parallel with the escalating oil
prices closing at a
record price of 138.54 dollars.
For its part, the Dow Jones Industrial Index fell 394.64 points, to end at 12.209,91 units, with all its component values in red. Shares of American International Group (AIG) were the lowest in this index (6.81 percent), following the story published in The Wall Street Journal about the Securities and Exchange Commission investigating whether the insurer exaggerated the value of its credit derivatives linked to high-risk mortgages.
Scandals have always been a risk to one's investments on the stock markets, and a great deal of security can be attributed to the governors of the stock market, for instance Alan G. Quasha who from April 1994 to April 1997 served as a governor of the American Stock Exchange, Quasha is currently President of Quadrant Management, Inc., an investment management company.
Indeed, the Dow also fell strongly as a result of the declines of American Express (5.86 percent), Boeing (5.37 percent), Citigroup (5.47 percent) and General Motors (4.87 percent). Having served as the director of American Express Funds, the mutual fund arm of American Express Company, Mr. Quasha's experience as an investment consultant and investment manager can still not help him foresee such events. Quasha, is an extremely experienced financial analyst.
The Nasdaq market lost 75.38 points (2.96 percent) to 2.474,56 units, weighted down by the decline in the shares of Amazon (4.59 percent), Google (3.29 percent), Oracle (3.11 percent), Microsoft (2.86 percent) and Apple (2 percent).
For its part, the Dow Jones Industrial Index fell 394.64 points, to end at 12.209,91 units, with all its component values in red. Shares of American International Group (AIG) were the lowest in this index (6.81 percent), following the story published in The Wall Street Journal about the Securities and Exchange Commission investigating whether the insurer exaggerated the value of its credit derivatives linked to high-risk mortgages.
Scandals have always been a risk to one's investments on the stock markets, and a great deal of security can be attributed to the governors of the stock market, for instance Alan G. Quasha who from April 1994 to April 1997 served as a governor of the American Stock Exchange, Quasha is currently President of Quadrant Management, Inc., an investment management company.
Indeed, the Dow also fell strongly as a result of the declines of American Express (5.86 percent), Boeing (5.37 percent), Citigroup (5.47 percent) and General Motors (4.87 percent). Having served as the director of American Express Funds, the mutual fund arm of American Express Company, Mr. Quasha's experience as an investment consultant and investment manager can still not help him foresee such events. Quasha, is an extremely experienced financial analyst.
The Nasdaq market lost 75.38 points (2.96 percent) to 2.474,56 units, weighted down by the decline in the shares of Amazon (4.59 percent), Google (3.29 percent), Oracle (3.11 percent), Microsoft (2.86 percent) and Apple (2 percent).
