Major U.S. indices moved lower this week, led by the Dow Jones Industrial Average and lagged by the S&P 500 index. While the U.S. economy reported robust 3.2% growth during the fourth quarter, investors were preoccupied with trouble in emerging markets, like India, Turkey and South Africa, as well as falling inflation in the eurozone. A slowdown in global growth could put the brakes on the relatively strong U.S. recovery. International markets fared worse than U.S. markets this week. Japans Nikkei 225 fell 3.1%; Britains FTSE 100 fell 2.3%; and, Germanys DAX 30 fell 1.16%. In Asia, investors remained concerned with capital outflows despite rising interest rates. In Europe, falling inflation suggested that the regions economy may not be quite as strong as the market had hoped.
Posted on: Sun, 02 Feb 2014 19:23:04 +0000
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