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Investors Worry About The Spread Of The European Debt Crisis &Nbsp; Stocks Lower.

2010/11/30 8:44:00 46

European Sovereign Debt Crisis Worries New York Stock Market Down

  

Because investors

European sovereign debt crisis

Continue

spread

Of

Worried

Still plaguing the market, 29 days

New York stock market

The three major indexes are all

Fall

But the decline narrowed significantly compared with the morning market.


Ireland signed a financial rescue plan totaling 85 billion euros with the European Union on the 28 day, but it did not ease investors' concerns about the continued spread of the European sovereign debt crisis.

Investors are worried that Portugal and Spain will follow suit to apply for help from the European Union, so the euro has been sell-off, European stock markets have fallen sharply, and the US dollar has been strengthened by hedging buying, leading to the Dow Jones index losing its 11000 point intraday.


In this case, although the retail trade figures released on that day were positive, they did not constitute effective support for the stock index.

A survey of about 4000 people by the National Retail Federation showed that the number of shoppers who shoppers during the Thanksgiving holiday between last Thursday and Sunday increased by 8.7% compared to last year, and the total number reached 212 million.

The total consumption is about 45 billion US dollars and the per capita consumption is US $365.34, up 6.4% over the same period last year.


After the afternoon, New York's stock market rebounded under the support of partial purchases, but ultimately failed to reverse the downtrend.


At the close of the New York stock market, the Dow Jones Industrial Average Index of 30 industries fell 39.51 points over the previous trading day, closing at 11052.49 points, or 0.36%.

The standard & Poor's 500 stock index fell 1.64 points to 1187.76 points, or 0.14%.

The Nasdaq composite index fell 9.34 points to 2525.22 points, or 0.37%.

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