Wednesday, July 13, 2011

Wall Street Ends In Level Low After Downgrade Debt of Ireland

U.S. stocks ended near lows after Ireland in the downgrade by Moody's Investors Services, in state bonds in the investment is not feasible for this to be another indication of the ongoing problem of debt in Europe.

Dow Jones fell 59 points, or 0.5%, S & P 500 fell less than 6 points, or 0.4% and the Nasdaq fell 21 points, or 0.7%.

Concerns about how far and deep debt crisis of Europe may also spread and pushed U.S. stocks on Monday last.

Earlier Tuesday, the stock rose after the Federal Reserve's meeting this June, which suggests that central banks may open to provide additional stimulus.

According to the Fed, some committee members argued that the Fed may have to consider additional stimulus measures, "particularly if economic growth is still too slow it is to reduce unemployment in the medium term."

Each stimulus from the Fed will be easing the third qualitative, or QE3, since the initial purchase of securities in an effort to stimulate the economy.

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