Local News

Greeces’ Problems Affecting Stocks

The Stock Market is had another wild ride Wednesday. Tuesday, the Dow closed up in triple digits; yesterday all those gains and more are being erased. As of 12:25 Wednesday, the Dow Jones Industrial Average was down about 200 points. Tyler Simones with Northwest Quadrant Wealth Management in Bend explains why there was a big sell off Wednesday: “So equity markets are selling off because people in Greece do not like the government's austerity methods; and so they are rioting in the streets.” He says Greece isn't a huge economy. He explains we are all inter-connected in a world economy and some big American companies could be affected by Greece defaulting on its debt.

 

 

Share

On Air Now

Lars Larson
Lars Larson
12:00pm - 3:00pm
Lars Larson

FlashAlert

KBND ON FACEBOOK

 

FOLLOW US ON TWITTER

News Disclaimers