US Stock Market Joins Sell Off Around the World

With debt rates downgraded, United State’s stock market all joined the sell off taking place around the world. Dow ones industrial average went down over 250 points minutes after the Wall Street opened up after the weekend. Though it marked some improvement for some time, it started falling again after that.

Process of the downslide started in Asian stock market with the main index falling by 2% and 4% respectively in Japan and South Korea respectively. When the European market opened later, the downslide also started there.

All these were triggered off by the announcement of Standard and Poor that indicated that the credit rating of United States government debt was reduced from AAA to AA+ in the market.

As investors all over the world started feeling nervous, about the apparently weekend United States economy, debt problems in Europe as well as recovery by Japan from the earthquake that took place in the month of March.

Similar crisis in the stock market around three years back is still fresh in the memories of the investors and they are shrinking away at the first sight of any risk investments and are looking for safer investments. Result was that like others, U.S stock market also joined the sell off trend around the world.

Good news is that with the announcement of stabilization of interest rates by the U.S reserve bank, the market has started stabilizing a bit. However, many experts are still not enthusiastic enough about the possible revival of the stock exchange market.

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