US Stock Market

August 6, 2011 by staff 

US Stock MarketUS Stock Market, Stock markets around the world have gone into free fall. The Dow Jones industrial average fell more than 4 percent on Thursday as the U.S. stock market fell amid fears of investors in the debt crisis in Europe and a weaker U.S. economic outlook.

The drop in U.S. stock markets today followed a one-day rally on Wednesday after nearly two weeks of steady deterioration.

The Dow Jones fell over 500 points to a low of 11,383.68 by the time the markets closed Thursday, erasing all its gains for the year 2011, the Dow Jones Newswire reports.

The Dow has fallen more than 1,100 points on July 21, the Associated Press says.

500 shares of Standard & index, fell nearly 5 percent, bringing it well below its recent peak of 1,363 reached on 29 April, according to AP.

The Nasdaq composite index fell more than 5 percent as well.

Oil fell 4 percent to 88 per barrel amid fears that demand will fall due to the slowdown in the United States.

Investors are increasingly concerned about the debt problems of Europe spread to Italy and Spain, Dow Jones reports.

Most European stock markets fell 2 percent less than the trading day ended not, as the Los Angeles Times.

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