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US markets go down

22 October 2008 08:20 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. World stocks have mainly fallen, as Wall Street sentiment was dampened by a warning that the worldâ€™s biggest economy was already facing recession.
The Dow fell 231.77, or 2.50 percent, to 9,033.66.
Broader indexes also declined. The Standard & Poorâ€™s 500 index fell 30.35, or 3.08 percent, to 955.05. The Nasdaq composite index shed 73.35, or 4.14 percent, to 1,696.68.
Light, sweet crude fell $3.36 to settle at $70.89 barrel on the New York Mercantile Exchange.
The Russell 2000 index of smaller companies fell 16.19, or 2.96 percent, to 530.65.
Japanâ€™s Nikkei stock average closed up 3.34 percent. Britainâ€™s FTSE 100 fell 1.24 percent, Germanyâ€™s DAX index fell 1.05 percent, and Franceâ€™s CAC-40 rose 0.78 percent.
In the foreign exchange market, the euro hit a 19-month low under 1.32 US dollars on worries about a European economic slowdown, traders said.
The European single currency sank to 1.3162 dollars - which was last seen on March 13, 2007.