Bourse

Home page

Bourse

US markets closed low on Friday

02 February 2009 09:06 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. Stocks slumped for a second straight day Friday as investors, already on edge about the worsening economy, were further rattled by a report that Washington’s plans to help banks may have hit a snag, AP reports.
According to preliminary calculations, the Dow Jones industrial average fell 148.55, or 1.82 percent, to 8,000.46. The Standard & Poor’s 500 index fell 19.26, or 2.28 percent, to 825.88, and the Nasdaq composite index fell 31.42, or 2.08 percent, to 1,476.42.
The Russell 2000 index of smaller companies fell 9.71, or 2.14 percent, to 443.53.
Declining issues outnumbered advancers by 3 to 1 on the New York Stock Exchange, where volume came to 1.51 billion shares.
Volatility has been high this week, with the market zigzagging on a mix of earnings and economic news as investors try to determine what the rest of 2009 will bring.
Overseas, Japan’s Nikkei stock average fell 3.12 percent. Britain’s FTSE 100 fell 0.97 percent, Germany’s DAX index dropped 2.03 percent, and France’s CAC-40 fell 1.19 percent.