PSEi 2,461.99 DOWN 9.77
value php 3,444,611,972.84
value sans LIB P1.5B
DOW 161.27 -1.98% 8,163.60
NASDAQ 41.23 -2.31% 1,746.17
S&P 500 17.69 -1.97% 881.03
With no new news to attribute the drop to, wall street analysts rephrase "renewed recession fears" and "doubts about the economic recovery" as the culprit.
As part of the world mourned Jackson in a memorial held at Staples Center LA via telecast, wall street continued falling.
Same story in the Psei. Won't go up dramatically, but still won't go down too much either in a typical day of paring losses by the close.
Local inflation eased, signalling more room for rate cut soon. Peso was weak at 48.3, while crude oil continued to sink to $62.
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