The Associated Press has reported an increase in the Dow Jones industrial average of 600 points today. The change comes after government announcements of plans to provide bank support on a global scale.
The 600 point jump is anticipated to be one of several subsequent fluctuations in the market due to economic concerns and issues for investors. Says National Penn Investors Trust Company chief investment officer Jim King, “Even if this is the beginning of a recovery we’re not just going to have up markets from here on in.”… “We’re not through the woods.” Other analysts and financial officers have expressed similar views regarding the uncertainty about the state of the market in present times.
Monday’s surges were partly attributed to the newfound faith of investors in pledged initiatives from national governments across the globe. However, worries about the state of the American economy, bank lending, health care, unemployment, and other issues remain constant amidst the market changes and are expected to continue to influence further ups and downs.
By: Tiffany Cherry – Staff Reporter – WiredPRNews.com – Press release distribution service WiredPRNews.com reaches 400+ distribution channels. Submit business press releases, corporate announcements.