Europe Down The Rankings, Wall Street Direct ' Red '
Stocks on bursa Wall Street AS ' blush ' on trade Friday due to a decrease in ranking yesterday some countries in Europe by Standard & poor 's.
The rating company lowered the rating of many European countries including France and Austria. Germany and the Netherlands however ranking has not changed.
"This raises high instability especially in the financing (debt) of those countries," said Analyst Alan Valdes as quoted from Reuters, Wednesday (2/1/2012).
Stocks on Wall Street tumbled after investors focus back to the debt crisis in Europe. Whereas before the index shares S & P 500 reached the highest level in five months as a result of the US economy is solidnya data.
But yesterday, investors back doing action amid fears will sell debt problems in Europe.
In trading Friday (13/1/2012), the Dow Jones was down 0.39%) 48,96 points (to as low as 12.422,06, S & P 500 index was down points (0.49%) 6,41 to as low as,09, 1.289 and the Nasdaq Index falling 14,03 points (0.51%) to as low as 2,756,67.
In this week, the Dow Jones index up 0.5%, the S & P 500 closed up 0.9%, and the Nasdaq index up 1.4%.
