Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Wall Street plunges on bailout uncertainty
Adjust font size:

Wall Street plunged Monday as investors worried the U.S. government new bailout plan may not resuscitate a slumping economy.

Investors worried about the uncertainties about the rescue plan's details and concerned about whether it would provide a lift forthe U.S. economy.

A Wall Street analyst downgrade hit shares of JPMorgan Chase, the third largest U.S. bank, which fell 13.3 percent, making it the top drag on major indexes.

The Dow Jones industrial average was down 372.75 points, or 3.27 percent, to 11,015.69. The Standard & Poor's 500 Index slid 47.99 points, or 3.82 percent, to 1,207.09. The Nasdaq Composite Index fell 94.92 points, or 4.17 percent, to 2,178.98.

(Xinhua News Agency September 23, 2008)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- Wall Street collapses as fears mount
- Shanghai stocks plunge in a Wall Street fallout
- Wall Street rallies as steady interest rates boost confidence
- Wall Street plunges amid US financial crisis
Most Viewed >>
- KFC - 'a foreign brand with Chinese characteristics'
- Big blow for dairy industry
- Goldman Sachs, Morgan Stanley to be holding companies
- Experts: China little affected by US financial crisis
- Premier Wen: Economy to stay the course
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?