Major market indices drift down

Major market indices drift down
# 16 December 2008 09:50 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. Stock markets fell as another round of grim economic data arrived from America’s industrial sector. The Dow Jones industrial average fell 65.15 points, or 0.75 percent, to close at 8,564.53. The broader Standard & Poor’s 500-stock index fell 11.16 points, or 1.27 percent, to 868.57, and the technology-heavy Nasdaq composite index fell 32.38 points, or 2.10 percent, to 1,508.34.
London’ FTSE 100 index fell 0.07 to close at 4,277.56. In Paris the CAC 40 was down 0.87 percent to 3,185.66, while the Frankfurt Dax lost 0.18 percent to close at 4,654.82.
The dollar fell against other major currencies. The euro rose to $1.3665, from $1.337 late Friday in New York, while the British pound rose to $1.5253, from $1.4969. The dollar fell to 90.60 yen, from 91.12.
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