Inflation And European Debt Crisis Intensified &Nbsp; &Nbsp; Dow Fell 1.59% On Tuesday.

As of 4:00 pm Eastern time,

China will take further measures to curb inflation, the European debt crisis intensified and the US dollar surged. Investors are not optimistic about the economic outlook. Under the multiple bad margins, the three major U.S. stock indexes on Tuesday dropped low, and the Dow closed down 178.47 points, or 1.59%, and the index fell by more than 210 points.

On the disk side, the raw materials, energy and utility sectors led the decline, and the financial and pharmaceutical sectors led.

On the stock side, travellers fell 3.61%, Alcoa fell 2.76%, CISCO -T fell 2.58%, home depot rose 1.02%, kraft food fell 1.46%, Honeywell rose 1.79%, Tyco medical drop 2.49%, Dynegy 8.42%, the Blackstone Group fell 3.59%, WAL-MART 0.57%, US Silver merrynn 0.15 fall.

The Irish debt crisis led to a collapse in European stocks, while the pan European Dow Jones index fell 2.34% on Tuesday to 265.98 points. Mining sector and financial stocks were hit hard.

China's rate hike led to a sharp drop of $2.53 on oil prices on Tuesday, closing at $82.34 a barrel, or 3%, the lowest closing price since October 29th.

CME part of the metal futures trading margin and China's interest rate rumors and the strong rebound in the dollar, gold prices fell by 30.10 dollars on a multiple negative basis, which fell by 2.2% at 1338.40 U.S. dollars per ounce on Tuesday.

Silver prices fell 86 cents to close at $25.23 an ounce, or 3.3%.

The Irish government said it would not seek assistance from EU countries and China might raise interest rates to push the US dollar exchange rate to continue to strengthen. As of the end of the foreign exchange market, the US dollar index for tracking six major currencies was reported at 79.21 points, or 0.88%.

The euro fell to 0.71% against the dollar on Tuesday at $1.3489, while the US dollar rose to 83.28 yen, or 0.18%.

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Economic data

At 8:30 a.m. Eastern time, data released by the US Department of labor showed that the US production price index (PPI) rose 0.4% in October, less than 0.8% as economists generally expected.

In September, the index rose 0.4%.

At 9:00 a.m. Eastern time, data released by the US Treasury showed that the net purchases of long-term US Treasury bonds purchased by foreign investors in September dropped sharply from US $128 billion 700 million in August to US $81 billion.

But in September, the total amount of treasury bond purchases reached a record $39 billion 500 million.

At 9:15 a.m. Eastern time, data released by the Federal Reserve showed that US industrial output in October was unchanged from last month, less than 0.2% of the expected growth of economists.

In September, the index was 0.1%.

At 10:00 a.m. Eastern time, data released by the United States Association of home builders and Wells Fargo showed that in November, the confidence index of American builders rose to 16 points, which was in line with the average expectations of economists.

In October, the revised value of the index was 15 points.

Company news

Retail giant WAL-MART's net profit in the third quarter increased from $3 billion 140 million in the same period last year to $3 billion 440 million, and its revenue increased from 98 billion 700 million US dollars in the same period last year to US $101 billion 240 million, up 2.6% over the same period last year, slightly below analysts' average expected US $102 billion 250 million.

Oswald Grel, chief executive of UBS, reiterated on Tuesday that its pre tax profit in the next three to five years will grow to 15 billion Swiss Franc (US $15 billion 200 million), but analysts expect its pre tax profit to be 10 billion 800 million Swiss Franc in 2012.

The company suffered losses in 08 years.

As market demand is strong, GM's IPO pricing is likely to rise to $32 to $33 per share.

In addition, the company will probably increase the volume of offering shares.

The General Company will determine the final issue price of IPO in November 17th and will be officially listed on the following day.

The first retailer in the United States grew 21% from $689 million in the same period last year to $834 million in the third quarter.

Net sales increased from $16 billion 360 million in the same period last year to US $16 billion 600 million, an increase of 1.4% over the same period last year.

Blockbuster Inc creditors filed a court document late Monday asking for an investigation into billionaire Carle Icahn's purchase and sale of the company's secured notes in the past 12 months to identify possible misconduct.

According to blockbuster's restructuring plan, Carle Icahn and its hedge fund partners will gain control through the purchase of senior bonds.