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Tag Archives: S&P

Dow Jones & S&P End Lower Yesterday

23-Jun-09

In trading yesterday, the Dow Jones Industrial Average closed at 8339.01, down 200.72 points (2.35%) from the day’s start. Similarly, the Standard & Poor’s 500 Index slumped 2.6% to 893.04 points, following the first weekly decline in more than a month. Most of the indices’ decline is due to the World Bank announcement that it [...]

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Ireland Receives Bad Standard & Poor’s Rating

09-Jun-09

The Irish Republic (Ireland) received another round of bad news as Standard & Poor’s Ratings Service (S&P) lowered its sovereign debt rating for the second time this year. S&P cut the rating on Ireland’s government debt by one level to AA from AA+. Just three months ago, the former ‘Celtic Tiger’ had its top-notch AAA [...]

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