Today, American indexes wandered through the morning in a market characterized by analysts as nervous, uncertain, skittish as well as lacking in confidence. According to C. Brett D’Arcy, chief investment officer at CBIZ Wealth Management, it is said that American are in the period of volatility and the investors don’t have any faith in the current stock market.
Wall Street exchanges traded in a narrow range for much of the morning, and the Dow Jones industrial average declined by 19.04 points or 0.20% at midday. Meanwhile, the broader Standard & Poor’s 500-stock index declined by 0.5%, and the technology heavy Nasdaq fell by 1.5%. American indexes are trying to end a two-day losing streak that started last Friday due to a disappointing unemployment report.
Worries linger about the sovereign debt crisis in Europe and the economic recovery in the US.