Wall Street slump triggered by sentiment China and NYSE. Photo: sindonews
NEW YORK - Wall Street stock index ended plummeted on Wednesday due to market turmoil in China and Greece's debt crisis plus the temporary suspension on the New York Stock Exchange (NYSE).
Fears that the fall of China's stock could harm the country's economy and spread to surrounding push the S & P 500 index fell below the moving average of 200 days for the first time since October and into negative territory this year.
NYSE re-activated at the end of the session after a technical problem forced him to carry out the suspension for more than three hours. While China's stock market has fallen more than 30% in the last three weeks, and some investors fear the turmoil of China would be at greater risk from the Greek crisis.
"I do not think the Greek situation is the focus on short-term market. It's about China, where the selloff that has continued despite the People's Bank of China continues to attempt to stop it," said the chief investment officer of Solaris Group in Bedford Hills Tim Ghriskey as reported by Reuters on Thursday (07/09/2015).
The Dow Jones Industrial Average closed down 261,49 points or 1,47% to end at 17515,42; S & P 500 index lost 34,65 points or 1.66% to 2046,69 and the Nasdaq Composite fell 87,70 points or 1.75% to 4909,76.
Approximately 7.1 billion shares traded on all US platform, below average the last five sessions as much as 7,2 billion shares.
(Sindonews)
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