Poor economic data, U.S. stocks plunge
The Dow Jones Industrial Average fell 232.92 points to close at 9905.6 points, down 2.3%; the Nasdaq composite index fell 63.43 points to close at 2157.22 points, down 2.86%; Standard & Poor’s 500 index fell 27.15 points to close at 1047.42 points, down 2.54%.
The latest economic data of U.S. real estate market attracted market attention, Case – Shiller said that U.S. housing prices of 20 major cities rose 3.8%, economists are expected it’s average increase will reach 3.4%, CS house price index increased 2.3%.
Before the announcement of the house price index, U.S. economic data showed that sales of new homes and resale disappointing last week.
At 10 am EST Tuesday, the U.S. Conference Board announced in June that final consumer confidence index was value of 52.9 points, this average is expected to 62.0 points, May’s consumer confidence index down from 63.3 points to 62.7 points.
Posted: June 30th, 2010 under Breaking News.
Tags: Breaking News, Dow Jones Industrial, poor economic data, U.S. stocks plunge, US Market