U.S. Stock Index tumbled
Liputan6.com, New York: The economic crisis that overwhelmed the United States resulted in significant drop or decline in U.S. stock index. Share prices in New York, declined on Thursday (2 / 7), amid fears about the possibility of slow economic recovery in the land of Uncle Sam.
Dow Jones Industrial Average fell more than 150 points in one level. Index also closed at 9732, down by 41 points from the previous day. This is the lowest level of the year in two consecutive days.
On the foreign exchange market in New York, market participants sell dollars and buy yen as worries intensified about the prospects of the U.S. economy. Dollar weakens in the range of one point or falls below the 87 yen level for the first time since early December.
Orders to sell the numbers increased after the announcement of lower-than-expected U.S. manufacturing industries involving and housing.
A market analyst said that investors sell stocks and the dollar due to a sharp decrease in the slump in housing-related indices and manufacturing slow. Until recently, manufacturing became a major factor behind the economic recovery of the United States. (ANS / NHK)
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