U.S stock market loses $900 billion in value, as Dow plunges 350 Points – worst drop of 2015

Wall Street
June 2015ECONOMIC NEWSU.S. equity markets posted their biggest selloff of the year Monday amid the ongoing crisis in Greece as investors weigh the possibility of the nation’s exit from the eurozone. The Dow Jones Industrial Average plunged 350 points, or 1.95% to 17596. The S&P 500 shed 43.9 points, or 2.09% to 2057, while the Nasdaq Composite dropped 122 points, or 2.4% to 4958. Both the Dow and S&P 500 slipped into negative territory year-to-date with Monday’s selloff. All ten S&P 500 sectors were in the red led by a steep drop in banks and brokers. Greece’s financial system teetered on the brink of collapse, hurtling Monday toward a potential exit from the eurozone after weeks of negotiations between the nation and its creditors failed to yield any result.
Fears that Greece’s troubles could spread through the global financial system shook markets on Monday, driving U.S. stocks to their worst day of the year. U.S. stock markets lost $900 billion of value in a single day because of panic around Greece’s impending default on a $1.8 billion loan to the IMF tomorrow. Investors fled from stocks in Europe and the U.S. and retreated to the safety of government bonds.

Stock Markets Plunge

The closures came after reforms-for-financial aid talks between Greece and its creditors broke down and the European Central Bank capped emergency funding to Greek banks on Sunday. Greek Prime Minister Alexis Tsipras has also called a referendum on July 5, in which Greeks will vote on whether to accept the rescue package previous offered by Athens’ international bailout supervisors, which is contingent on austerity measures. “In the absence of a sudden dramatic turn of events towards reconciliation between the Greek government and its creditors, it is difficult to see how it will be able to repay the European Central Bank on July 20, whatever the outcome of the coming weekend’s referendum,” said Chris Scicluna, head of economic research at Daiwa Capital Markets Europe, in a research note on Monday.
The developments in Greece wreaked havoc on global markets, with stock markets in France and Germany falling over 4 percent. Japan’s Nikkei closed down 2.9 percent. The Shanghai Composite also closed 3.3 percent lower despite initial attempts at gains following the central bank’s rate cut over the weekend. –NASDAQ, NBC
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This entry was posted in Apathy, Anger, Mistrust, Disillusionment, Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Currency - Economic warfare, Economic Collapse, Fiat Money Printing Fiasco, Financial Market plunge, Financial market turmoil, Geopolitical Crisis, Greed and Corruption, Hierarchal Control, Hoarding Gold, Hoarding Resources, New World Order, Political Corruption, Social Meltdown, Squandered Resources, The Pyramid Model, Troubled Banks, Unsustainable Debt Burden, Widening gap between rich and poor. Bookmark the permalink.

6 Responses to U.S stock market loses $900 billion in value, as Dow plunges 350 Points – worst drop of 2015

  1. Karen says:

    Whether you read the Bible or not, everyone knows that a collapse is imminent. This will usher in the New World Order which the Bible also talks about. Now is the time to repent of your sins and ask Jesus to be your Savior before He returns to take His followers to heaven. For the next 7 years after that, it is going to be the worst time to live. Read the book of Revelation in the Bible. You may not believe in the Bible but you cannot deny what is going on in the world today. This was all forewarned in the Bible. Make your decision now to follow Jesus before it’s too late.

    • David says:

      Any relationship between the sanctioning of gay marriage and the stock market crash? From down under

      • Luke says:

        Alert Elders of Zion a mission statement of how to control both people and the markets by using gay marriage to ferment social conflict which markets are crashed. The basic strategy is to give a new problem every 10 hours to prevent you from seeing that the laws have been changed and that stock market is failing until it is too late.

    • calgirlpatriot says:

      Amen to that!

  2. As the Bible declares, regarding the Last Days, “This is just the BEGINNINGS of SORROW.” ” Evil men and seducers shall wax worse and worse, deceiving and being deceived.” “In the last days PERILOUS times shall come. For men shall be LOVERS of their own selves, COVETOUS, BOASTERS, PROUD, BLASPHEMERS, DISOBEDIENT to PARENTS, UNTHANKFUL, UNHOLY, WITHOUT NATURAL AFFECTION, TRUCE-BREAKERS, FALSE ACCUSERS, DESPISERS of those that are GOOD, TRAITORS, HEADY, HIGHMINDED, LOVERS OF PLEASURE more than LOVERS of GOD.” {2 Tim 3: 1-5}. “Men’s HEARTS failing them…for LOOKING
    after those things which are coming ON THE EARTH.” {Luke 21:26}.

    The big question is this,..ARE YOU READY TO MEET THE LORD?
    Below is one of the last Biblical warning:
    ” Since all these things are thus on the verge of dissolution, what sort of INDIVIDUAL ought you to be in all holy living and godly conduct, expecting the COMING of the day of GOD, by reason of which the heavens, all ABLAZE, will be DISSOLVED, and the ELEMENTS will BURN and MELT with fervent HEAT.” {2 Peter 3:13,14}.

    Only those who possess a close, personal relationship with Christ will escape the soon coming, catastrophic events, which will utterly destroy this world of constant HOSTILITY, and DESTRUCTION.

  3. Yeah, money is debt and debt is money. Anything physical to represent receiving value is idolatry. Join us by giving more value to a thank you. Live to serve, not just to survive.
    Sign & share >>> http://www.freeworldcharter.org <<<

    And when all the banks close and keep your "money," stay calm. There will be a panic in the general minded, but Armageddon will only last a few hours. ❤

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