NEW YORK Newsecoinfo Reported- Demand for commodities and the decline in the euro caused stocks on Wall Street fall out, making an average of the Dow Jones industrial fell to 130 points.Reporting from the Associated Press on Thursday (12/05/2011), almost the whole sector to collapse. Where the energy sector and the company experienced its worst material.
The Dow Jones dropped one cent monitored and closed at 12630.03. S & P 500 Index fell 15.08 points, or 1.1 percent, to 1342.08. The Nasdaq composite index 26.83 points sinkhole or 0.9 percent, to 2845.06 position.
Known, the demand for gasoline in the United States (U.S.) dropped by the largest amount in seven weeks. This is a signal that consumers deviate their money and wait for gas prices near national average of $ 4 per gallon.
The price of gas futures fell nearly eight percent. While crude oil prices fell back below $ 100 per barrel or suffered losses of more than four percent.
"People are becoming more conservative with their spending outlook and as oil prices have risen. It makes the market become more concerned about growth," said principal strategist at Prudential Financial, Quincy Krosby.(Newsecoinfo)
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