Dow Jones Industrial Average is falling into the abyss of European crisis

Dow Jones Industrial Average falls to its lowest level

In brief: Dow Jones Industrial Average could not withstand the new challenges in Europe and China. The meltdown began with the Dow Jones opening trades in the U.S..

Dow Jones Industrial decreasing by a record -72.17 points (-0.71%). Now Dow Jones is at the mark 10,064.46 points. The main pressure on the index of blue chips provoke terrible economic data of European statistics. In addition, poor statistics come from the U.S.:

The world’s largest manufacturer of personal computers Hewlett-Packard said it plans to cut 3,000 jobs and reduce spending by $ 1 billion However, the company intends to dismiss 9,000 people, and replace them with new employees about 6,000 such positions. Additional negative goes to Asia: Tuesday, June 1, the major stock markets of Asian countries showed a negative trend against the background of concerns about the possible resignation of Prime Minister of Japan, as well as the disappointing statistics from China. Strengthening of the yen against the U.S. dollar and the euro, as usual, the impact on securities depreciation of Japanese exporters.

Ukrainian Globalist
2010-06-01 13:41, Economics.

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