Friday, August 5, 2011

Dow Jones lost 4.31%

Wall Street falls 4.31% on a day of widespread turmoil

European indexes all closed with large declines.
This coming will be published official employment data in the U.S..
It's the biggest drop in a single day since December 2008.
The poor performance cause a bad start on the Tokyo Stock Exchange and provide a new day full of turmoil in European markets.

Wall Street on Thursday deepened their losses and the Dow Jones Industrial Average, the main indicator, closed with a sharp drop of 4.31% on a day of widespread turmoil in world markets to doubts about the economic recovery. The index, which comprises the 30 largest U.S. public companies, dismissed the fourth day of the week an impressive 512.76 points to end at 11,383.68 units, which is its biggest drop in a single day since December 2008. Even more pronounced were decreases in the other two major indexes of New York park , as the S & P 500 fell by 4.78% (-60.27 points) to 1200.07 and the Nasdaq composite index fell 5.08% (-136.68 points) to finish at 2556.39. In the final of the day investors turned more in sales that had prevailed throughout the day, responding in part to fears that the crisis debt in the euro zone economies are spreading to more weight as Italy or Spain.

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