May, Tuesday: http://United States stock market consumption weak signs and subordinated debt worries of a double blow. On the day of the Wal-Mart profits expected downward, while money market fund and suspend the redemption of active investors. Stock market once's growth and acquisition activities also accused may stagnate.
Tuesday New York stock market fell by three major stock index comprehensively, the Dow Jones industrial average fell 1.57 per cent reported 13028.92 points; standard and poor's 500 index dropped by 1.82% reported 1426.54 points; the Nasdaq composite index dropped by 1.70% reported 2499.12 points.
"Now we don't know the scale of the problem, so people very carefully. "United States Global Investor company senior trader said.
Wal-Mart said Tuesday, as the clothing and household goods sales performance, full-year profits expected may only 3.13 USD/share, lower than the previously expected 10 per cent.
United States cash management company Management Group expressed as Seninel credit market unrest cause difficult transactions, therefore suspended redemption activity.
This year's listing of the hedge fund fortress investment group (Fortress Investment Group) CEO Wesley Edens, pointed out in the investor conference call, future mergers and acquisitions activities will be affected by the credit market losses. "I don't think the next 1 to 2 months there will be many mergers and acquisitions activity, until bonds markets return to more normal state. ”
"Until these issues are resolved, the market will rebound. "Glenemde investment management company's Chief Investment Officer Gordon Fowler said," the consumer economy has started to slow down and may and the real estate market. ”
The same day the European stock market also in bank stocks drag down low, Switzerland Bank (UBS) by 3.9% on the day of the 9 months to a maximum one-day decline. Dow Jones Euro 50 price index dropped by 54.07 point, reported 3668.03 points.
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