<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区
          WORLD> America
          US officially in recession, Dow falls sharply
          (Agencies)
          Updated: 2008-12-02 06:49

          Although Monday's plunge was notable because it cut short a five-day rally, the first such winning streak for the Dow and the Standard & Poor's 500 index since July 2007, it also fit what has become a pattern on Wall Street. The market has made a number of big, optimistic moves higher, including triple-digit gains in the Dow, only to quickly give them back as another batch of bad news arrives.

          According to preliminary calculations, the Dow Jones industrial average fell 679.95, or 7.70 percent, to 8,149.09. The S&P 500 index dropped 80.03, or 8.93 percent, to 816.21, while the Nasdaq composite index fell 137.50, or 8.95 percent, to 1,398.07.

          Only 218 stocks were in positive territory on the New York Stock Exchange with 2,693 declining. Volume came to 1.62 billion shares.

          The Russell 2000 index of smaller companies fell 56.07, or 11.85 percent, to 417.07.

          Bond prices rose. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 2.76 percent from 2.92 percent Friday. The yield on the three-month T-bill, considered one of the safest investments and an indicator of investor sentiment, slipped to 0.02 percent from 0.05 percent Friday. The lower the yield, the more anxious investors tend to be.

          The market received no relief after a pair of speeches from Paulson and Bernanke about the economy.

          Paulson said the administration is looking for more ways to tap a $700 billion financial rescue program and will consult with Congress and the incoming Obama administration. The program has distributed $150 billion out of the $250 billion earmarked to buy stock in banks as a way to boost their resources so they can lend more.

          He said the administration is looking at other ways to utilize the rescue package, including alternatives for providing capital to financial institutions.

          Meanwhile, Bernanke said in another speech Monday that further interest rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive the economy. The central bank's key interest rate now stands at 1 percent, a level seen only once before in the last half-century.

          Many economists predict policymakers will drop the rate again at their next meeting on Dec. 15-16. And, there have certainly been enough weak economic news to compel the Fed to make another cut.

          There was no shortage of disappointing economic news on Monday. The Institute for Supply Management, a trade group of purchasing executives, said its index of manufacturing activity fell to a 26-year low in November. Meanwhile, the Commerce Department said construction spending fell by a larger-than-expected amount in October.

          Stanfield also said investors have lost some confidence in recent moves by the government to bolster the financial system. "The financials are still lagging, which in my opinion shows a lack of confidence in (Treasury Secretary) Paulson and the undertaking of the Fed and the Treasury," he said.

          Analysts say investors have been frustrated by the government's change in strategy as it implements its $700 billion financial bailout program; the Treasury originally said it would buy soured mortgage debt from banks, then decided to buy stock in the banks. Last week, with the rescue of Citigroup Inc., the government again said it was buying the bank's failed debt.

          The government injected a fresh $20 billion into the banking giant and said it would guarantee up to $306 billion of the bank's risky assets. Banking stocks were among the biggest sectors pulling the overall market down on Monday.

          Citigroup tumbled $1.84, or 22.2 percent, to $6.45. Morgan Stanley shares dropped $3.40, or 23.1 percent, to $11.35. Goldman Sachs Group Inc. fell $13.23, or 16.7 percent, to $65.76.

          Retailers were among the day's poorest performers. Wal-Mart Stores Inc. fell $2.87, or 5.1 percent, to $53.01, while JCPenney Co. tumbled $2.44, or 12.8 percent, to $16.55.

          Light, sweet crude dropped $5.15 to settle at $49.28 a barrel on the New York Mercantile Exchange after OPEC decided not to cut production at an informal meeting in Cairo on Saturday. The Organization of the Petroleum Exporting Countries, which accounts for about 40 percent of global supply, reduced output quotas in October by 1.5 million barrels a day.

          The dollar fell against other major currencies. Gold prices also fell.

          Overseas, Japan's Nikkei stock average fell 1.35 percent. At the close, Britain's FTSE 100 was down 5.19 percent, Germany's DAX index was down 5.88 percent, and France's CAC-40 was down 5.59 percent.

             Previous page 1 2 Next Page  
          主站蜘蛛池模板: 精品久久免费国产乱色也| 亚洲av无码乱码国产麻豆穿越| 99久久久无码国产麻豆| 黑人巨大av无码专区| 亚洲精品日韩精品久久| 无码囯产精品一区二区免费| 在线中文字幕精品第5页| 激情综合网五月激情五月| 亚洲午夜天堂| 国产二区三区不卡免费| 一本之道高清乱码少妇| 日韩美女av二区三区四区| 国精品午夜福利不卡视频| 精品一区二区不卡免费| 亚洲爆乳www无码专区| 国产偷自一区二区三区在线| 国产AV无码专区亚洲AWWW| 精品在免费线中文字幕久久| 亚洲欧美日韩尤物AⅤ一区| 午夜在线不卡| 国产精品国语对白露脸在线播放| 亚洲 欧洲 无码 在线观看| 久久人与动人物a级毛片 | 国产精品福利自产拍在线观看| 一区二区免费高清观看国产丝瓜 | 国产成人精品日本亚洲77上位| 成人看的污污超级黄网站免费| 中文在线√天堂| 久久国产精品亚洲精品99| 国产成人黄片免费观看| 国产熟女av一区二区三区| 丁香五月亚洲综合深深爱| 国产精品色哟哟成人av| 久久人妻无码一区二区三区av| 久久综合色一综合色88欧美| 西西人体www大胆高清| 樱桃视频影院在线播放| 午夜三级成人在线观看| аⅴ天堂中文在线网| 欧美成人怡春院在线激情| 99久热在线精品视频|