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US Stocks Ended Up Diving &Nbsp; The Three Major Indexes Closed Down More Than 4%.

2011/8/11 8:45:00 25

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The three largest Rating firm in the world

Standard & Poor's

Both Fitch and Moodie have confirmed that there is no risk of downgrading in France.

However, investors worried about the deterioration of the economic recession and debt crisis. U.S. stocks continued to fall after opening on Wednesday, and the afternoon drop narrowed, but close to the closing stock index plunged, closing sharply.

The three major indexes fell more than 4%.

As of 4:00 pm Eastern time,

Dow Jones

The industrial average fell 519.83 points, or 4.62%, to 10719.94 points. The Nasdaq composite index dropped 101.47 points, or 4.09%, to 2381.05 points, while the standard & Poor's 500 index fell 51.77 points, or 4.42%, to 1120.76 points.

White House spokesman Carney (Jay Carney) said U.S. President Obama and his top economic advisers will meet with Federal Reserve Chairman Bernanke on Wednesday evening.

Carney said the US economy has already been weaker than the White House economists expected, but he said there was no other US recession.

The New York Mercantile Exchange's main oil contract in September rose 3.59 U.S. dollars to close at $82.89 a barrel, or 4.5%, on September.

The New York Mercantile Exchange's main gold contract in December rose 41.30 U.S. dollars to close at $1784.30 an ounce, or 2.4%.

The contract rose to $1801 an ounce, which is a new intraday price record and the first gold price to break the $1800 position per ounce.

The pan European Dow Jones index closed at 223.50 points on Wednesday, down 3.75%.

The index rose more than 2% in early trading.

Agence France-Presse reported that the French government denied

National debt

AAA credit rating may be lowered like the United States.

The world's three largest Rating firm, standard & Poor's, Fitch and Moodie, have confirmed that there is no downgrading risk in France.

Standard & Poor's says France has a clear deficit reduction plan and can't be lowered like the United States.

Societe Generale SA responded to a sharp decline in its stock price on Wednesday, and denied all rumors about the risks of its financial position in the market.

The Swiss National Bank (CBOC) announced on 10 that it will raise the deposit reserve from 80 billion Swiss francs (US $110 billion 300 million) to 120 billion Swiss francs (US $165 billion 500 million) to curb further appreciation of the Swiss franc.

Japan

The government released the August economic report on Wednesday (10), the first time it has raised its economic assessment in two months.

The report said that the Japanese economy is accelerating growth, but the difficulties caused by the March earthquake and subsequent disasters have not diminished.

As of 21:08 Beijing time, the British FT100 index reported 5161.32 points, down 0.07%.

The French CAC40 index fell 3124.44 at 1.63%.

The German DAX30 index fell 0.05% at 5914.39.

10:00 AM Eastern time, Wednesday.

U.S.A

According to the latest report released by the Ministry of Commerce, the US Wholesale inventories grew by 0.6% in June this year, which is lower than the average growth expected by market economists by 0.9%. In May, the US wholesale inventories were revised up by 1.9%.

Goldman Sachs's customer report on Wednesday pointed out that the third round of quantitative easing measures, or QE3, is likely to come out in the wake of the Fed's commitment to keep ultra-low interest rates for at least two years in the latest interest rate decision statement.

At the closing price of Wednesday, Apple Corp's market value reached US $337 billion 200 million, more than US $330 billion 800 million of Exxon Mobil Corp, becoming the largest company in the world.