综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global General

Dow closes below 10,000 for 1st time in 3 months

(Agencies)
Updated: 2010-02-09 06:02
Large Medium Small

NEW YORK: The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.

Shares of big banks pulled the market lower, extending a slump that has led to four straight weekly losses.

Related readings:
Dow closes below 10,000 for 1st time in 3 months US stocks tumble on worries about jobs, European debt
Dow closes below 10,000 for 1st time in 3 months Eastern European economy stumbles forward in 2009
Dow closes below 10,000 for 1st time in 3 months EU to approve exit plan for Greece from crisis

Rising deficits in weaker European economies including Greece, Portugal and Spain have raised questions about the health of the global financial system.

Greece's finance minister said Monday the government is preparing to boost some taxes to shore up its finances. But civil servants opposed to cutbacks have pledged to strike on Wednesday.

The questions about finances in Europe are only the latest blow to investor confidence. The market began to stumble in mid-January after China announced plans to contain economic growth and as the Obama administration proposed rules to restrict trading by large financial institutions.

That interrupted a 10-month climb in stocks, which hit 12-year lows last March. The Dow is down 817 points, or 7.6 percent, since closing at a 15-month high of 10,725.43 on Jan 19.

Brett Hryb, a portfolio manager with MFC Global Investment Management in Toronto, said the latest concern is that the financial troubles in a country like Greece, whose economy is small compared with the rest of Europe, will spill into other countries.

"Clearly Greece itself is nothing. It's just a blip. It's what the contagion could be," he said.

According to preliminary calculations, the Dow fell 103.84, or 1 percent, to 9,908.39. On Thursday, the Dow traded below the psychological barrier of 10,000 for the first time since November. It hadn't closed below that mark since November 4, 2009.

The broader Standard & Poor's 500 index fell 9.45, or 0.9 percent, to 1,056.74, while the Nasdaq composite index fell 15.07, or 0.7 percent, to 2,126.05.

Bond prices were mixed. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.58 percent from 3.57 percent late Friday.

娱乐| 嘉义县| 凭祥市| 平邑县| 静宁县| 同心县| 云阳县| 肇东市| 北海市| 新闻| 新密市| 西丰县| 婺源县| 泾川县| 镇雄县| 阳朔县| 苏州市| 延吉市| 浦县| 宣城市| 南平市| 体育| 元谋县| 金溪县| 尼勒克县| 礼泉县| 内黄县| 龙川县| 始兴县| 淄博市| 张家川| 静安区| 郧西县| 独山县| 甘肃省| 囊谦县| 九龙城区| 麟游县| 宜章县| 胶州市| 紫阳县|