Dow ends disastrous quarter on weak note while European stocks gain


New York (AFP) – Wall Street stocks closed a historically bad quarter on a weak note Tuesday, while European and Asian bourses gained following better Chinese economic data.The Dow dropped almost two percent more to finish at 21,917.16, a loss of more than 23 percent for the quarter, its worst since 1987.”Although stocks settled down this week following several weeks of wild swings, the key trend indicators continue to be bearish, and the benchmarks might still ‘retest’ their lows in the coming weeks,” warned Gorilla Trades strategist Ken Berman.Earlier, European stock markets got a boost with…

Read More