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Dow Jones indexes fell 2.6 %, S&P 500 2.9 %, Nasdaq 2.6 %

03 July 2009 09:11 (UTC +04:00)

Baku â€“ APA-Economics. The Dow Jones industrials lost 2.6 percent, to 8,281, the Standard & Poor’s 500 index fell 2.9 percent, to 896.42 and the Nasdaq composite index fell 2.7 percent, to 1,797 on July 2.
According to APA-Economics, stocks started the day down and stayed there after the US Labor Department reported that employers slashed 467,000 jobs in June. The unemployment rate rose to 9.5 percent from 9.4 percent the month before, which is highest indication over the past 25 years.
In the European markets, Britain’s FTSE 100 fell 2.5 percent, Germany’s DAX index declined 3.8 percent, and France’s CAC-40 fell 3.1 percent. The European Central Bank left its key interest rates unchanged. The lending rate for refinancing to banks was left at 1% as expected. Volkswagen shares fell 7.8%, Daimler 5.5 % and Royal Dutch/Shell 3.3 %.
The dollar price against euro was 1.3983 (+0.02%).