Affected By The Political Turmoil In The Middle East, &Nbsp; New York'S Stock Market Has Declined Sharply.
suffer Middle East Political instability and other factors, 28 days New York stock market The three major indexes fell sharply, of which Dow Jones index fell more than 1%, and Nasdaq stock index fell more than 2%.
The 28 day fall was the largest single day decline in the New York stock market in five months, mainly due to the
Egypt
The anti government demonstrations prompted investors to flee to risky assets to avoid risks.
Rating agency Fitch said the situation in Egypt has seriously threatened its domestic economic, financial and economic reform progress, and Egypt's rating outlook has been downgraded from "stability" to "negative".
In addition, the 28 day's economic data is not optimistic, but also affects the confidence of investors.
The US Department of Commerce issued a 28 day announcement that the US gross domestic product (GDP) increased by 2.9% in 2010.
Although this is the fastest economic growth rate in the United States in the past five years, the figure is still lower than expected in the market 3.5%.
According to the US Department of Commerce report, inflation in the US is still moderate.
In the fourth quarter of 2010, the core consumer price index excluding volatile food and energy prices increased by 0.4%, an increase of 0.5% over the third quarter.
Meanwhile, US consumer spending accelerated in the fourth quarter, with an annual rate of 4.4%, the fastest growth since the first quarter of 2006.
In terms of stocks, Ford and Amazon had lower operating margins in the fourth quarter of last year than market expectations.
At the close of the New York stock market, the Dow Jones Industrial Average Index of 30 industrial stocks dropped 166.13 points over the previous trading day, closing at 11823.70 points, or 1.39%.
The standard & Poor's 500 stock index fell 23.18 points to 1276.36 points, or 1.78%.
The Nasdaq composite index dropped 68.24 points to 2687.04, or 2.48%.
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