On Tuesday, after consumer confidence dropped in the United States with lowered hopes of a global economic recovery, stocks dropped to their lowest level of 2010. The Dow fell 268 points (2.7 percent) to end at 9,870.30, which is its lowest point since early Nov. 2009 while the S&P 500 lost 33.33 points (3.1 percent) and fell to 1,041.24, which is its lowest level since Oct. 2009.
Chief investment officer at Harris Private Bank, Jack Albin, told Market Watch that there simply isn’t enough growth around to generate jobs. The fears surrounding a lack of recovery have severely impacted the stock market (Market Watch).
