Daily Investment Interpretations

August 7, 2008

2008-8-7:  Another bad day for the markets. Oil rose slightly because of a Turkish pipeline disruption, while various financial firms unveiled new losses. (The insurance conglomerate AIG suffered a huge loss of $5.4 billion.) Even Toyota has reported a 28% drop in net profits. The Nasdaq fell 22.64 to 2,355,73 as the Dow gave up 224.64 points to end at 11,431.43. The S&P 500 fell 23.12 points to 1,266.07... percentage-wise, twice as much as the Nasdaq.
    The VIX ticked up a point to 21.15.