Goverment Article Wallstreet essays

Goverment Article Wallstreet essays Government Article: A Hard-hit Wall Street Still Stumbling to Find Its Feet This article talks about the influence of September 11, 2001, and its anniversary, on the stock market and how its affecting or could affect the economy. These past 12 months have been hard on our country, from the attack on the World Trade Center and continuing with Enron and WorldCom leaving the business community weary and unsure of the future. This passiveness from Wall Street is a cause of great concern for our nation. Today, banks were open at their usual time. However, the stock market delayed its opening by 90 minutes. Many people who worked in the area, the World Trade Center, or knew people who did, returned to work on the anniversary feeling it was the right thing to do. This attitude has helped to encourage people to stay involved in financial trading during this turning point in the economy. Most firms were open, although their attendance level was lower than normal. Few firms decided to stay closed today, such as Cantor Fitzgerald, although their electronic tr ading service closed at 2 in the afternoon. The company lost 658 of its 970 employees at the World Trade Center. This article shows that our government had some amount of foresight into preparing for any disastrous events on the anniversary of the terrorist attacks. On Tuesday a terror alert at level orange, the second highest of five levels, was issued. This security encouraged many people to attend work, which in turn helped our economy by promoting trade. Our economy is greatly dependent on Wall Street and the confidence of its investors. If much of that confidence can be supported by the government, then our current financial situation can be improved. ...