Stock Market Today

Bank of America reached a settlement with regulators. Countrywide acquired by the us was charged by the U.S. Trade Commission (FTC) of over-charge to 200,000 borrows who was facing mortgage default,and there is misleading customer behavior, Bank of America will pay 108 million U.S. dollars to settle this disputes, Affected by this, the day Bank of America shares fell 3.4% to 14.83 U.S. dollars.
In addition,sovereign debt crisis intensified in Europe remains high fever , although the Hungarian government said the country did not face serious debt crisis like occurred in Greece, Germany announced a more robust data on factory orders in April,but the investors still does not alleviate the emotional，The euro exchange rate continued to decline on the U.S. stock market caused by sustained pressure，except financial sector was significantly affected, industrial and technology stocks also fell sharply, China stocks fall beyond the Nasdaq index, Hurray fell 7.78 percent, while Baidu, Shanda and Games Perfect World were closed to 5% decline.

Tuesday morning, the three major stock indexes did not boosted bythe speak of U.S. Federal Reserve Chairman Ben Bernanke , the Dow fell 54.41 points to revitalize 9761.78 points, reach the new low of  nearly  7-month .