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US market indices on dead auto bailout

12 December 2008 08:20 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. The Dow Jones industrial average fell 196.33 points, or 2.24%, to 8,565.09. The Standard & Poorâ€™s 500 Index slid 25.65 points, or 2.85%, to 873.59. The Nasdaq Composite Index lost 57.60 points, or 3.68%, to 1,507.88.
Updated at 11:14am on 12 December 2008
Stocks in the United States fell on Thursday on dimming prospects for an automaker bailout.
The White House has urged Senate Republicans to back the $US14 billion financial lifeline, but Republicans appear to have more than enough votes to stop the bailout with a procedural roadblock.
The market also reacted to news that jobless claims in the past week surged to a fresh 26-year high of 573 000.
The German DAX index was down 0.8% and Franceâ€™s CAC index was down 0.4%.
In Britain, the FTSE 100 closed up 0.5% or 21.41 points at 4,388.69. The index is down 32% for the year.