e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

Impacts
Special> Global Financial Crisis> Impacts
UPDATED: October 15, 2008  
Wall Street Falls After Record Surge
Wall Street ended lower Tuesday after Monday's surge as investors took profits
 
Share

Wall Street ended lower Tuesday after Monday's surge as investors took profits.

The Dow Jones average fell 76.62, or 0.82 percent, to 9,310.99,after a record 936.42-point-gain as investors shifted focus from 250-billion-U.S. dollar injection to major banks into the dismal outlook for corporate earnings and the economy.

Traders work on the floor of New York Stock Exchange October 14, 2008. (Xinhua/Reuters Photo)

Photo Gallery>>>

The Standard & Poor's 500 index fell 5.34, or 0.53 percent, to 998.01, and the Nasdaq composite index fell 65.24, or 3.54 percent, to 1,779.01.

Financial shares rose after the U.S. Treasury's latest step to stabilize the financial system in hopes of averting further damage to the economy.

Energy and materials companies also fell as the price of oil slid on growing worries that a recession would curb the demand for oil and other commodities.

PepsiCo's shares tumbled 11.9 percent on weaker-than-expected earnings while Coca-Cola shares fell 7.5 percent.

(Xinhua News Agency October 15, 2008)



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved