stock market outlook Wednesday feb 15 2012

stock market outlook Wednesday feb 15 2012 ; Stocks fell on Wall Street Tuesday, weighed down by continuing economic struggles in Europe. The Dow Jones industrial average slid 33 points to 12,841 around 11:15 am. Bank of America led the Dow lower with a decline of 2.6 percent. The Standard & Poor’s 500 fell 5 points to 1,347. The Nasdaq fell 13 points to 2,918.


Asian stock markets were modestly lower Tuesday as a series of eurozone ratings cuts by Moody's Investors Services weighed on risk appetite, hurting the euro and sending financial shares lower across the region.

Japan's Nikkei Stock Average slipped 0.2%, Australia's S&P/ASX 200 fell 0.6%, South Korea's Kospi Composite was off 0.3% and New Zealand's NZX-50 lost 0.1%.

Moody's downgraded its ratings on six European nations including Spain and Italy, and warned that its top ratings on Austria, France and the U.K. could be at risk, citing the weakening prospects for an overhaul in Europe.

For Wednesday, market outlook remains mixed, with investors watching further developments in Europe.The domestic front provides little clues, leaving investors to take hints from developments overseas, particularly Europe, We may continue to see continued consolidation tomorrow Wednesday. It will be a good breather for the market, For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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