27 Dec '11, 1pm

US stocks volatile in 2011

US stocks volatile in 2011

NEW YORK: US stock markets had a volatile ride in 2011, with wild swings across all the major indices. Patchy economic data and the threat of another recession in the US led to a summer swoon where stocks sank to levels not seen since the financial crisis. However, as we approach the year-end, the recent volatile recovery means the major markets may end up positive for the year. While Occupy Wall Street dominated the headlines in the financial district in New York, what occupied Wall Street traders was volatility in 2011. The stock markets' gyrations have been unprecedented this year, frustrating for the average investor. Worries over Europe, lacklustre GDP data in the US and high unemployment have overshadowed the fact that corporate profits in the US have been robust. Witness Apple, the largest technology company by market capital, jumping 25 percent in 2011, and Wal-Mar...

Full article: http://www.channelnewsasia.com/stories/marketnews/view/11...

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