February 19 the U.S. government because of a series of measures to save the economy fails to boost investor confidence, the number of unemployed people in new high, the manufacturing sector continued to shrink under pressure, such as news, the New York Stock Exchange main index fell across the board again on the 19th.
Day 19 New York stock market opened slightly high, but the market's overall sentiment remains depressed, closing light, the major indexes fell quickly concussion. Dow Jones Industrial Average fell below 7,500 points, the Dow Jones index and the Standard & Poor's 500 index fell in April 1997 to the lowest level.
Obama announced on the 18th President aimed at stabilizing the housing market and reduce the proportion of housing foreclosure mortgage rescue plan, but market reaction was not positive. Monetary plates continue to fall on the 19th, Citigroup and Bank of America fell 13.75 percent, respectively, and 14%.
Plate the day of science and technology by Hewlett-Packard in 2009 first quarter net profit fell sharply by 13% year-on-year impact of the overall decline. Hewlett-Packard shares fell 7.89 percent.
In addition, on the 19th issued a series of economic data has further dampened market confidence. The United States the world's largest business federation announced that the United States used to assess the economic situation in January leading economic indicators rose by 0.4 percent of accidents, but at the same time the organization is expected to revitalize the U.S. economy is still necessary to wait until 2010. Federal Reserve Bank of Philadelphia reported that the Philadelphia region in February index of manufacturing activity in January from minus 24.3 to fall to a negative 41.3, a record since the October 1990 low. The United States Department of Labor report showed that, as of February 7 the week the United States continued to apply for unemployment benefits, nearly five million people, the highest level in history; and first-time applicants for unemployment benefits last week, the number remained at near 30 year highs. Another Labor Department report showed U.S. producer price index in January rose by 0.8% of accidents for the first time since July last year, rose.
To the New York stock market closed, the Dow Jones index fell 89.68 points to close at 7465.95 points, hitting 6-year closing low, down 1.19%; Standard & Poor's index fell 9.48 points to close at 778.94 points, 1.20% decrease; the Nasdaq composite index fell 25.15 points to close at 1442.82 points, or 1.71 percent.
Background information: The Dow Jones index
Dow Jones Industrial Average is an arithmetic average stock price index, is the world's oldest stock index, which called the stock price average. Usually people have said the Dow Jones index may be referring to the four groups in the first group of Dow Jones Industrial Average.
The Dow Jones industrial average was first in 1884 by Dow Jones & Company founder Charles Road, has started to compile the. Its calculation formula is: the average stock price = the price of selected stocks and / Quantity selected stocks.
The index aims to reflect the overall trend in the United States stock market, covering finance, technology, entertainment, retail and other industries. Dow Jones Industrial Average is currently from "The Wall Street Journal" editorial board maintenance, its constituent stocks of the selection criteria, including the sustainable development of the constituent stocks of the larger, reputable, with industry representation, and for the most sought after by investors.
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