Home > Economics >
Bourse
US, European stock market indices sink
[
02 Nov 2009 11:21 ]
Baku - APA-ECONOMICS. US stocks dived on Friday as the euphoria over stronger-than-expected economic growth faded and concerns rose over the staying power of recovery from recession.
The Dow Jones Industrial Average plunged 249.85 points, or 2.51 per cent, to settle at 9,712.73.
The tech-heavy Nasdaq skidded 52.44 points, 2.5 per cent, to 2,045.11, and the broad-market Standard & Poor’s 500 index retreated 29.92 points, 2.81 per cent, to 1,036.19.
The sell-off came after a broad-based rally on Thursday after the US government reported that gross domestic product (GDP) rose at a 3.5 per cent annual rate in the third quarter after a year of contraction.
European stock markets fell victim to profit-taking on Friday, with the London FTSE 100 index shedding 93.17 points, or 1.81 per cent to end the week at 5,044.55 points.
In Germany, the DAX dropped 172.49 points, or 3.09 per cent, at 5,414.96 points.
In France, the CAC 40 fell 106.33 points, or 2.86 per cent, to 3,607.69.
Japanese stocks ended 1.45 per cent higher on Friday after Thursday’s rally on Wall Street.
The benchmark Nikkei-225 index climbed 143.64 points to 10,034.74.
|
Top 5 
Forex