The Economic Data Are Bad &Nbsp; The Dow Is Almost Flat On Thursday.

As of 4:00 pm Eastern time,

Affected by the increase in the number of unemployed Americans and the continued expansion of the trade deficit, investors are worried about the prospect of economic recovery. Although the Federal Reserve's stimulus measures are expected to increase, it is difficult to pull down the US stock market, and the Dow Jones low and low on Thursday, and finally rebounded to 11094.57.

Disk side, bank shares led the decline.

In terms of stocks, Bank of America fell 5.19%, JP Morgan fell 2.81%, Alcoa fell 1.8%, McDonald's rose 1.7%, Wells Fargo Bank fell 4.22%, Citigroup fell 4.47%, verrison rose 0.71%, Google fell 0.44%, AMD fell 1.12%, AOL fell 0.68%, YAHOO rose 4.46%, and the Apollo group fell to 4.46%.

The US economic data were soft, and European stock market financial sector pressure fell, Pan European Dow Jones index finally closed at 265.68 points, or 0.21%.

The index surged 1.4% on Wednesday.

On Thursday, oil prices fell 32 cents to $82.69 a barrel, or 0.4%, to 84.12 dollars in the session.

As the dollar remained weak, the gold price rose to $1388.10 during the session, ending at $1377.60 an ounce, or 0.5%, and 17 times in 5 weeks.

economic data

At 8:30 a.m. Eastern time, data released by the US Department of labor showed that the number of Americans applying for unemployment relief increased by 13 thousand to 462 thousand last week, much higher than the 1000 expected by economists.

At 8:30 a.m. Eastern time, the US production price index increased by 0.4% in September, which rose by more than 0.2% of economists' expectation and rose for 3 consecutive months.

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At 8:30 a.m. Eastern time, data released by the US Department of Commerce showed that the US trade deficit increased to $46 billion 300 million in August, higher than the $44 billion 500 million widely expected by economists.

The trade deficit in July was US $42 billion 800 million.

At 10:30 a.m. Eastern time, data released by the US energy information administration showed that US natural gas inventories increased by 91 billion cubic feet in the week ending October 8th.

At 11:00 a.m. Eastern time, data released by the US energy information administration showed that in the week ending October 8th, the US crude oil storage unexpectedly dropped by 400 thousand barrels.

Company news

YAHOO is facing the fate of takeover. Sources say AOL and several private institutions, including Blackstone Group, are considering joint or separate acquisition of YAHOO.

News Corp is also among potential bidders.

Potash recently promised to pfer some key staff from Chicago to headquarters in Saskatchewan in order to win a little political favor when blocking BHP's hostile takeover.

The SEC denied that there was any misconduct in fraud proceedings against Goldman Sachs.

Critics had previously questioned the political motive of the timing of the prosecution. The current report did not find any evidence that the SEC tried to influence congressional discussions on the financial regulatory bill.

UBS issued a report Thursday acknowledges that its strategic mistakes in the financial crisis caused huge losses, but ruled out the possibility of legal liability for executives including former chairman Marcel Oscar Pell.

Switzerland said that the main starting point of the strategy was to increase revenue and ignore potential risks.

GM said on Thursday that the US Treasury's stake in Citigroup might constitute a conflict of interest in its forthcoming initial public offering (IPO).

As part of the US government's withdrawal from GM's shareholding plan, the company plans to start IPO in November.

According to sources, the pharmaceutical giant Sanofi Aventis is currently launching a battle against agent Zan's takeover bid and is prepared to do its best to complete this long drawn out takeover.

Aon Corp., the world's largest insurance broker, announced that it will integrate its business with the Hewitt Associates Inc., a consultancy, and plan to cut 1500 to 1800 employees worldwide.

In October 1st this year, he completed the acquisition of the company's total amount of $4 billion 700 million.

Medtronic Inc (MDT), a medical equipment provider, said on Thursday that the company has agreed to pay $268 million to settle domestic action involving fatal fatal wires in its defibrillator products.

Google (GOOG) released its third quarter earnings report on Thursday, showing that Google's net profit in the third quarter increased 32% to 2 billion 170 million dollars, driven by growth in demand for online advertising, far exceeding Wall Street analysts' expectations.