South Korea Crisis Caused Market Concern &Nbsp; &Nbsp; Tuesday Dow Down 1.27%

As of 4:00 pm Eastern time,

The outbreak of military conflict between North and South Korea triggered investor concerns. Ireland and other countries still failed to eliminate the debt crisis. Although the US GDP growth rate was better than expected, the minutes of the Fed meeting showed that it was still not optimistic about the US economic growth and employment situation. On Tuesday, the three major U.S. stock indexes went down and down, and the index finally fell 142.21 points, or 1.27%.

On the disk side, the energy and raw materials sector led, and the financial and pharmaceutical sectors took the lead.

In terms of stocks, Microsoft fell 1.6%, JP Morgan fell 2.29%, Disney fell 2.25%, HP rose 2.17%, Exxon Mobil fell 1.72%, Chevron fell 2.04%, J.Crew rose 16.84%, Johnson fell 1.18%, and New York Times increased 4.71%.

The sovereign debt crisis and the clash between South Korea and Korea fell sharply in Europe, while financial and mining stocks plunged, while the pan European Dow Jones index closed down 263.62 points on Tuesday, or 1.54%.

The stronger US dollar and the conflict between South Korea and Korea led to a 49 cent drop in oil prices at $81.25 a barrel.

Risk aversion prompted gold prices to rise by $19.80 to $1377.60 an ounce, or 1.5%.

The bombardment of the US dollar has turned the US dollar into a risk aversion asset and the US dollar has strengthened.

As of the end of Tuesday's foreign exchange market, the US dollar index, which tracks six major currencies, rose 79.69 at 79.69 points.

The euro fell to 1.84% against the US dollar at $1.3373.

The euro was at the lowest level of $1.3361 against the dollar, the lowest level since the end of September; the pound fell 1.09% against the dollar at $1.5782, and the euro fell to 84.74 pence to 0.76%; the dollar against the Swiss Franc was 0.9965 Swiss francs, up 0.86%, and the won fell more than 2.5% on Tuesday, and eventually closed at 0.009 US dollars, or 0.99%.

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Economic data

At 8:30 a.m. Eastern time, data released by the US Department of Commerce showed that in the third quarter of this year, the annualized correction rate of us GDP growth rate was 2.5%, which is higher than the 2.4% expected by economists.

At 10:00 a.m. Eastern time, the data released by the association of real estate brokers showed that in October, the sales volume of American homes decreased by 2.2% to 4 million 430 thousand, which was basically consistent with the 4 million 450 thousand expected by economists.

Company news

Due to the lack of sufficient shareholder support, Dynegy Inc, the power producer, announced the termination of its merger with Blackstone Group, and said it would seek other acquirers or restructuring.

It is reported that the paction was opposed by the largest two shareholder billionaire Carle Icahn and Seneca Capital, a hedge fund company.

News group announced its final agreement with WirelessGeneration, a private education technology company based in Blickling, to acquire 90% of its shares in 360 million cash.

After the paction is completed, the latter will become a subsidiary of news group.

J.Crew, a US clothing retailer, has accepted a takeover offer jointly sponsored by the Dezhou Pacific Group and Nader Green partners of the private Holdings Company, which is about $2 billion 800 million.

J.Crew CEO Millard Drexler will remain in office and retain its original share holdings.

Due to defects in the production process, Johnson announced the recall of some children's medicines on Tuesday. The company said the recall was limited to retailers and wholesalers, and consumers could still use the purchased products at ease.

HP's fourth quarter earnings report showed that net profit rose 5% to 2 billion 540 million dollars from $2 billion 410 million a year ago, while revenue grew 8% to 33 billion 300 million dollars over the same period last year, exceeding Wall Street analysts' expectations.

The company also raised its full year earnings forecast.