There were a great deal of current events that impacted my portfolio and the stock market in general over the past few weeks. The most influential was the continuous negative updates from the housing sector of the economy, which squelched consumer confidence and led to a falling market. There was also the report of the Federal Reserve, which wasn't encouraging for investors. It predicted the GDP growth rate would fall and the economy would enter into a bear market. Both of these affected my portfolio, as Home Depot suffered from the housing woes, and the stock market suffered from both the housing sectors poor performance and the Federal Reserve report.
Other current events also affected the stock market and my portfolio over the past few weeks. For example, the positive inertia generated from Abu Dhabi's massive investment in Citigroup helped the company get out of the rut it had been in. Also, the increased difference between the Dollar and the Euro has caused goods sold in America to be relatively cheaper than goods sold in Europe. This has spurred a massive influx of shoppers from Europe to America. Their increased travel has been one of the only things keeping Delta Airlines from plummeting amidst incessant lawsuits and poor performance.
