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Home arrow News & Events arrow Stocks Fall On Economic Worries
Stocks Fall On Economic Worries PDF Print
Friday, 30 January 2009

ImageStocks in regional and international drop as rising jobless claims and falling new home sales point in America and other countries.

News that unemployment claims reached a record high and that new home sales hit a record low forced the major stock indices to fall.

Many enterprise companies across a variety of industries have been slashing their payroll. As more people lose their jobs, fewer of them are buying new homes. Now, after US financial crisis, we are facing global synchronized recession.

Current reports says many corporate results were having loss.

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