英语资讯
News

英语文摘:Wall Street plunges on weak economic data

Source:  Onion  2009-10-31   English BBS   Favorite  
NEW YORK, Oct. 30 (Xinhua) -- Wall Street plunged on Friday, erasing the big gains in the previous session, after a series of weak economic data.

    The U.S. Commerce Department reported Friday that spending by U.S. consumers fell 0.5 percent in September, which was the first decline in five months and in line with economists expectations.

Traders work on the trading floor of New York Stock Exchange in New York, the U.S., Oct. 30, 2009. Wall Street plunged on Friday, erasing the big gains in the previous session, after a series of weak economic data

Spending had jumped 1.3 percent in August, fueled by the government's Cash for Clunkers auto program.

    Personal income was flat in September compared with the previous month, also in line with economists' average forecast.

    The Reuters/University of Michigan final index of consumer sentiment decreased to 70.6 from 73.5 in September due to jobless concerns.

    Commercial lender CIT Group Inc. said Friday that billionaire investor and bondholder Carl Icahn agreed to support the company's restructuring plan. However, reports said CIT may soon file for bankruptcy protection despite the bail.

Traders work on the trading floor of New York Stock Exchange in New York, the U.S., Oct. 30, 2009. Wall Street plunged on Friday, erasing the big gains in the previous session, after a series of weak economic data

The Dow Jones fell 249.85, or 2.51 percent, to 9,712.73. The Standard & Poor's 500 index dipped 29.93, or 2.81 percent, to 1,036.18 and the Nasdaq fell 52.44, or 2.50 percent, to 2,045.11. 
将本页收藏到:
上一篇:英语文摘:EU summit concludes after discussing institutional, climate issues
下一篇:英语文摘:Honduran Congress receives agreement to surpass political crisis
最新更新
论坛精彩内容
网站地图 - 学习交流 - 恒星英语论坛 - 关于我们 - 广告服务 - 帮助中心 - 联系我们
Copyright ©2006-2007 www.Hxen.com All Rights Reserved