Around the Market for Mar. 16

The markets are getting hammered today as weak U.S. economic news and worries about the nuclear crisis in Japan affects send investors looking for the emergency exits. The housing industry took a hit today with a 22.5 percent decrease from last month. You can read more about that here.

Wholesale prices also rose last month by the most in two years. They rose because of higher energy prices and the biggest increase in food prices in over three decades. Some companies affected by the higher food prices were Starbucks Corp. and McDonald’s Corp. Both of these companies are currently trading down over 1.5 percent.

The ongoing nuclear crisis in Japan has also affected how other countries governments are looking at nuclear energy. China has suspended the approval of new nuclear plants and lawmakers in France are questioning their top energy executives about the safety of their reactors.

Let’s take a look at what kind of losses the markets are taking in midday trading. The Dow is down 200 points, the Nasdaq is down 41 points, and the S&P is down 21 points. Oil and Gold are both up, with each one seeing gains of just under a percent.

About EditorinChief

The owner of Active Investor, the Editor-in-Chief is the man in charge. With his expertise in the currency market, his political science background gives him the expertise to comment on the political wranglings effect on the broader market.

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