The sputtering economic growth in Europe, coupled with a slowing Chinese economy, is producing a stiff headwind for U.S. economic growth. The numbers coming from the Institute of Supply Management for June are disappointing, with new manufacturing orders dropping sharply, according to a survey of purchasing managers across the country. However, the Dow Jones Industrials
Gain/ Loss %
|Dow Jones Industrial Average||-8.70||-0.07%|
|WTI Oil Futures||-1.46||-1.72%|
Source: Yahoo! Finance.
After skyrocketing last week, oil prices moved lower as worries of energy demand looks to be tailing off in the near future. The weakening demand put pressure on crude oil shipping firms, with Frontline
As would be expected, blue-chip materials and manufacturing companies were the hardest hit today, with Boeing
Dell has been battered and bruised over the past three months, losing 20% of its market cap, and today it announced it will acquire Quest Software for $2.36 billion, a 44% premium to Quest's share price in March, in an attempt to continue expanding away from the slowing PC market.
Take a long-term view
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