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US markets go down

18 February 2009 09:31 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. The Dow Jones industrial average closed a fraction above its bear market low Tuesday, as uncertainties still cloud the U.S. financial picture, UPI reports.
Long-struggling financial firms Bank of America, Citigroup Inc. and J.P. Morgan & Chase all fell more than 9 percent. General Motors Corp. (NYSE:GM), fell 2.3 percent, as rumors of impending bankruptcy persist.
By close, the Dow Jones industrial average was off 297.60 points, or 3.79 percent, to 7,552.60, just 0.31 points above its close on Nov. 20. The Standard & Poor’s 500 fell 4.56 percent, 37.67 points, to 789.17. The Nasdaq composite index lost 63.70 points, 4.15 percent, to 1,470.66.
On the New York Stock Exchange, 218 stocks advanced and 2,895 declined on a volume of 5.5 billion shares traded.
The benchmark 10-year U.S. Treasury bond rose 2 6/32 to yield 2.644 percent.
The euro fell to $1.2590, compared to Friday’s $1.2779. Against the Japanese yen, the dollar rose to 91.33 yen, up from Friday’s 91.73 yen.
In Tokyo, the Nikkei average lost 104.66 points to 7,645.51, down 1.35 percent.
In London, the FTSE 100 index lost 100.62 points, 2.43 points, to 4,034.13.