Since October of 2008 the stock market and the overall economy of the United States has been anything but outstanding. Starting around October of 2008 the Standard and Poor 500, or S&P 500, showed a great decline in its stock index and reaching its lowest point in march of 2009. In little over a year it dropped from roughly 1425 to 672, by more than 50%. However, since the bailout we have seen steady rises in the S&P 500 along with other stocks. Three years after the stock market crash of 2008 we are still not back to where we started but steady growths are being seen. Recently, in the past 5 weeks we have seen the S&P500 stock steadily increaseing. 60% of the 190 companies have reported quarterly results that surpassed expectations. S&P500 expects the stock index to reach 1400 by the summer.
We are still not completely out of the financial sinkhole of 2008 but we are showing great signs of improvement. More information can be found at:
http://www.nytimes.com/2012/02/07/business/daily-stock-market-activity.html?_r=1&ref=todayspaper
-BW
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