Home / Business Tools: Save | Print | E-mail | Most Read | Comment
Wall Street plunges on weak economic data
Adjust font size:

Wall Street tumbled Friday after the previous session's huge rally and as investors digested slumping consumer spending.

U.S. stocks briefly pared early losses after the Reuters/ University of Michigan index of consumer sentiment unexpectedly rose to 57.9 in November, better than estimates. However, major indexes lost ground again as investors concerned about pullback of consumer spending.

The U.S. Commerce Department reported that retail sales plunged by the largest amount on record in October, falling 2.8 percent as the financial crisis weighed on consumer spending. Meanwhile, retailers Abercrombie & Fitch and J.C. Penney both warned that profits will go below Wall Street's estimates.

Moreover, downbeat news from the tech sector weighed on technology-heavy Nasdaq. Sun Microsystems planed to cut up to 6, 000 workers, or about 18 percent of its global staff. And handset maker Nokia warned that sales next year will reel from the global economic slowdown.

Federal Reserve Chairman Ben Bernanke said the markets remain under "severe strain" during a speech in Frankfurt, Germany. He indicated that central bankers stand steady to take additional actions, signaling the Fed is open to a fresh interest rate cut.

The Dow Jones average fell 337.93, or 3.82 percent, to 8,497.31. The Standard & Poor's 500 index fell 38.00, or 4.17 percent, to 873.29, and the Nasdaq stumbled 79.85, or 5.00 percent, to 1,516. 85.

(Xinhua News Agency November 15, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
Most Viewed >>
- A cold winter for laid-off toy factory workers
- China details 4 trillion yuan stimulus package
- US$132b investment for low-income housing
- Domestic airlines face action over unpaid fees
- China settles financial information dispute with EU, US, Canada
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 亚洲日本va在线观看| 经典三级在线播放| 欧美三级视频在线| 四虎成人精品在永久在线观看| 久久777国产线看观看精品卜| 熟妇人妻VA精品中文字幕| 国产又色又爽又黄的| 99re免费视频| 无码一区二区三区亚洲人妻| 亚洲天堂中文字幕在线| 约会只c不y什么意思| 国产亚洲美女精品久久久久| 91网站免费观看| 成人永久免费福利视频网站| 亚洲区精品久久一区二区三区| 精品无码av无码专区| 国产日本一区二区三区| av在线播放日韩亚洲欧| 日产精品一卡2卡三卡4乱码久久| 亚洲在成人网在线看| 波多野结衣一区2区3区| 国产AV寂寞骚妇| 亚洲日本人成中文字幕| 天天综合日日噜噜噜| 久久久久高潮毛片免费全部播放| 欧美日韩国产精品| 全部三片在线观看直播| 麻豆国产在线观看免费| 国内剧果冻传媒在线观看网站| 中文字幕中文字幕| 曰批全过程免费视频网址| 亚洲精品短视频| 美女露胸视频网站| 国产手机在线αⅴ片无码观看| 三级演员苏畅简历及个人资料简介| 最近2019在线观看| 亚洲第一黄网站| 精品国产亚洲一区二区三区| 国产在线拍揄自揄拍无码| 又大又硬又爽又粗又快的视频免费| 宅男视频网站无需下载|