Closing: Debt Deadlock Continued &Nbsp; Stocks Fell.

Friday America equity market On Friday, the Dow suffered the biggest weekly decline in a year. The uncertainty between the two parties in raising the debt ceiling is still continuing, holding the stock market under pressure.

At 16:00 on the eastern time of July 29th (Beijing time July 30th 04:00), the Dow Jones Industrial Average fell 96.80 points, at 12143.31 points, or 0.79%, while the Nasdaq composite index dropped 9.87 points, at 2756.38 points, or 0.36%, while the standard & Poor's 500 index dropped 8.38 points, or 1292.29 points, or 0.64%.

The White House said US President Obama would consider signing such a deal if he signed a temporary agreement to postpone the deadline for debt limit to allow Congress more time to complete a long-term agreement. Short-term Agreement.

But Jay Carney, the White House spokesman, said the Obama administration still believes that the two parties will reach an agreement on raising the US loan ceiling by the deadline of August 2nd.

On Friday, Dow index dropped at most 156 points, and then narrowed slightly.

Most of the economic data released on Friday are disappointing. In the second quarter, GDP grew by 1.3%. In July, University of Michigan's consumer confidence index was 63.7. In July, the Chicago purchasing managers' index (PMI) was 58.8, which was lower than expected.

However, the failure of the two parties to reach an agreement to raise the US debt ceiling has obviously outstripped the economic data. The deadline set by the US Treasury is only 4 days.

In the commodity futures market, the New York Mercantile Exchange September crude oil futures price fell 1.89 US dollars to close at 95.56 US dollars per barrel. Gold futures for December delivery rose 15 US dollars to close at $1631.20 an ounce. Gain It is 0.9%.