Falling Commodity Prices, Wall Street Corrected

Wall Street fell for the second week after experiencing a correction on Friday trading following the collapse of commodity prices. This indicates the number of investors who are trying to attract funds in order to secure the portfolio.

Fears of slowing world economic growth to trigger the release of these shares, plus the monetary policy tightening by the Federal Reserve, also increases the severity of the debt crisis of Europe.

Sentiment is not just making stocks fall, but also tackle the Euro exchange rate movements. The movement of Uncle Sam and the Euro exchange is very similar in the past week.

Financial stocks exposed to the deepest corrections. The S & P Index fell to 1.5%. The decline in commodity prices also created pressures on sales also hit commodity-based stocks.

"I think this is the most in the first correction that hit the stock market," said Team Manager Asset Strategy Fund Portfolio James Dailey in Harrisburg, Pennsylvania, as quoted by Reuters on Saturday (05/14/2011).

"Correction occurred in sectors which had been falling earlier, in commodity-based stocks," he explained.

The Dow Jones fell 100.17 points (0.79%) to the level 12595.75. The broader Standard & Poor's 500 index dropped 10.88 points (0.81%) to a level of 1337.77. The Nasdaq Composite Index fell 34.57 points (1.21%) to a level of 2828.47.

Within a week, the Dow Jones index fell 0.3%, S & P 500 Index lost 0.2% and Indesks Nasdaq composite rose 0.03% even thinner.