US Stocks Plummeted &Nbsp, And The Three Major Indexes Dropped By More Than 5%, With A Sharp Drop Of 5.55%.

S & P lowers US sovereign credit rating, etc. Bad profit News impact, U.S. stocks fell sharply on Monday, closing the Dow fell 628 points, the three largest stock index fell more than 5.5%. In a speech Monday, Obama stressed that the United States is always 3A rating, but still can not recover the decline.

As of 4:00 p.m. Eastern time, the Dow Jones Industrial Average fell 634.76 points, or 5.55%, to 10809.85 points, while the Nasdaq composite index dropped 174.72 points, or 6.90%, to 2357.69 points. The standard & Poor's 500 index fell 79.92 points, or 6.66%, to 1119.46 points.

At 1:30 p.m. Eastern time, U.S. President Obama began to downgrade U.S. credit last Friday. Grade In his speech, Obama said in his speech that the United States will always be a AAA rated country, and he refutes the action of the standard & Poor's rating agency on Friday evening to cut down the credit rating of the United States. Obama said, "the market will go up and down, but this is United States of America. No matter what agencies say we (do not meet the AAA rating), we will always be a three a rating country. " At the same time as Obama's speech, the US stock market briefly recovered slightly above 11000 points, but soon fell behind. In the afternoon trading, the share fell by nearly 500 points. Obama said he hoped that standard and poor's actions to reduce the US sovereign rating from AAA to AA+ would give legislators a new sense of urgency in resolving the debt problem of the United States. Obama said he did not believe that deficit reduction could be achieved by spending cuts alone.

The international authoritative rating agency Standard Pool Co announced last Friday that it has downgraded the US government AAA's highest credit rating from AAA to AA + for the first time in history.

Affected by its drag, A shares opened up in a sluggish fashion. Stock index once in session fall to The 2497.92 point is to create a new low this year. The Korean stock market plunged on Monday and the Seoul composite index fell 7.28% at 1802.15. The Korean stock exchange was forced to announce that the main board market had suspended trading for 5 minutes, and the KOSDAQ market, or gem, had been down more than 10% for a period of 20 minutes.

The pan European Dow Jones index closed at 228.98 on Monday, down by 4.14%. The index has fallen nearly 14% this month, down 9.9% last week, the worst week since November 2008.

Treasury bond prices rose on Monday and their yields declined, hitting the lows since last October. This is mainly because investors withdraw funds from the stock market and commodity markets, instead of buying relatively safe national debt. Obviously, last week's S & P's decision to lower the US debt rating did not make people change the view that the national debt is a safe haven.

The New York stock exchange quoted the so-called "rule 48" on Monday morning to facilitate a steady opening process on the day of expected volatility.

Rule 48 allows the makers of specific markets in the exchange to not disclose price indices before opening. The rule is to make the opening up smoothly and quickly on the day when the market fluctuation may be huge.

Goldman Sachs Group, the investment banking giant, announced on Monday that, considering the expected growth in GDP in the US, Europe and Asia, the bank decided to reduce the expected value of the standard & Poor's 500 index by the end of this year from 1400 to 1400.

After the US sovereign credit rating, S & P downgraded the US Freddie Mac and Fannie Mae from AAA to AA+.

David Beers, a rating agency's standard rating director, said on Monday that the outlook for the US sovereign credit rating outlook is expected to improve to a stable level. Beals, But David Beals also stressed that there is still a 1/3 chance that the US credit rating will be lowered again in the next 6 to 24 months.

Standard & Poor's rating agency announced on Monday that the debt rating outlook of Buffett's Berkhire Hathaway Inc would be downgraded from "stability" to "negative". However, the reduction of Berkshire Hathaway rating is not due to Buffett's management of the company.