Recession Fears Renewed &Nbsp; US Stocks Closed Down On Thursday.

Thursday, because of the global Economics The growth prospect is aggravated, and the US economic data is disappointing. The US stock market closed down sharply, and the Dow fell more than 400 points, and the NASDAQ dropped by more than 5%.

As of 4:00 pm Eastern time, the Dow Jones Industrial Average Index Fall The 419.63 point was a drop of 3.68% to 10990.58 points, while the Nasdaq composite index fell 131.05 points, or 5.22%, to 2380.43 points, while the standard & Poor's 500 index fell 53.24 points, or 4.46% points, to 1140.65 points.

On Thursday, the United States disadvantaged economic data plus euro zone sovereignty. debt The continued development of the crisis has exacerbated fears that investors in Europe and the United States will fall into recession again. European financial markets have been hit hard, and the European stock index has fallen 4.77% after the end of the day's trading.

The New York Mercantile Exchange's main gold contract in December rose 28.20 U.S. dollars to close at $1822 an ounce, or 1.6%. The contract rose to $1829.70 an ounce earlier, and it was also a new intraday price record.

New York commodity exchange In September, the main oil contract fell $5.20 on Thursday, closing at $82.38 a barrel, or 5.9%.

Morgan Stanley, a Wall Street investment bank, issued a report on the 18 day, saying that due to inadequate response to the European sovereign debt crisis and weak market confidence, the global economic growth is expected to be lowered. The report said that excluding the unoptimistic data, the main reasons for the reduction of economic growth are the recent policy mistakes in the US and Europe, and the possibility of further tightening in 2012.

Data released by the US labor department on Thursday showed that the number of Americans applying for unemployment benefits increased by 9000 to 408 thousand last week. The increase is larger than the previous market expectations. Earlier, Wall Street economists once thought that the number of jobless relief at the beginning of last week would increase to 400 thousand.

In July, the US CPI grew by 0.5%. CPI The increase was the largest monthly increase since March, and the core CPI grew by 0.2%.

The US Real Estate Broker Association (NAR) released a report that the number of second-hand housing sales in the United States dropped by 3.5% in July this year, and the seasonally adjusted annual sales volume dropped to 4 million 670 thousand, hitting a 8 month low.

Morgan Stanley, a Wall Street investment bank, issued a report on the 18 day, saying that due to inadequate response to the European sovereign debt crisis and weak market confidence, the global economic growth is expected to be lowered.

Hewlett-Packard Co, the world's largest computer maker, is expected to announce a plan to divest its computer business, and it is close to reaching a $10 billion deal for Autonomy Corp., a British software company, according to people familiar with the matter on Thursday.