Financial News and Economical Crisis

U.S. stock indexes fell as a result of trades on Thursday on 2,6-2,9%, while reducing Dow Jones Industrial Average had the maximum of 20 April. The reason for this became negative data on the labor market, reported Bloomberg.

Standard Poor s 500 has completed in the red 'third consecutive week - for four trading days, it lost 2.5%. On Friday, the Exchange will be closed in anticipation of the Independence Day.

At the same time, the quotations of futures on Friday show the positive trend: the September contract for SP 500 to 8:56 gaining 0.26% on the Dow Jones to 8:35 - 0,17%.

number of jobs in the U.S. economy in the past month fell by 467 thousand, while experts predicted less than a significant reduction - to 367 thousand Thus, unemployment rose to 9.5%, which is the highest level since August 1983 , compared with 9.4% a month earlier.

This heightened fears that the bad situation in the labor market could cause a more prolonged release of the economic recession.

experts expect a further rise in unemployment in the country this year, which has a negative impact on consumer spending, which accounts for about 70% of GDP, and may slow economic recovery.

All the bad. We tried to grow a little on supporting data from the labor front, with the less bad of every month. But it is obvious that the record of this month - a step back, - said the chief investment director of Harris Private Bank, Jack Eblin.

Stock Quotes aluminum giant Alcoa fell on the day at 4.7%. The company next week will publish financial results for the second quarter reporting season starting.

Analysts on average expect a profit of companies whose shares are included in the calculation of SP 500, on the basis of the last quarter fell by 34% in the third quarter to decline by 21% and increase by 61% in the last three months of the year.

The value of securities

Home Depot, shopping for home goods fell by 3.8%.

Shares insurer Travelers, which had remained at profitable levels, even in times of crisis, cheaper at 4.7%.

In addition, 52% dropped the price of securities Lear Corp., the second largest manufacturer of automobile seats. The company plans to declare bankruptcy after reaching agreement with creditors and bondholders.

Falling oil

value third consecutive day lowered the quotation of shares of representatives of the industry, in particular, Halliburton and Hess - more than 6.3%.

Index Dow Jones Industrial Average on Thursday fell by 223.32 points (2.63%) - up to 8280.74 points.

Standard Poor s 500 has decreased as a result of trades on 26.91 points (2.91%), reaching 896.42 points.

Nasdaq Composite index for the day fell to 49.2 points (2.67%) - up to 1796.52 points.

Reducing

quotations on the New York Stock Exchange (NYSE) showed about 14 shares for every 15 - are the most significant drop from 13 May. The volume of trades was approximately 734 million shares, which is the minimum turnover for the current year.

NYSE Closing July 2, was delayed by 15 minutes due to problems with communication.

Since the beginning of this year, Dow Jones decline of 5.65% and the SP 500 - 0,8%. At the same time, Nasdaq has added this year's 13,9%.