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Wall Street Down Drastically

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David Stone
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« on: April 01, 2011, 03:04:27 AM »

U.S. Stock markets closed lower on stock trading on Monday (28 / 3). Expected corporate earnings outlook is less good and the uncertainty of the global situation makes stock market weakened while the trade volume touching the lowest level.

A warning from the hotel operator Marriott hotel and consumer stocks hit another during the regular session. Then followed a co Halliburton stock after closing. This is because the announcement of quarterly earnings affect Halliburton stock.

“I think it will be much surprise from Halliburton,” says co-manager of trading Themis Trading in Chatham Joe Saluzzi, such as quoted from yahoofinance.com.

He further said that geopolitical issues from North Africa, Middle East, and post-natural disaster in Japan will affect earnings in the coming quarter. “If companies can not pass due to price increases, we will face the problem of corporate earnings, unless they can pass and we have inflation,” said Saluzzi.
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