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Wysłany: Czw 14:09, 17 Mar 2011
Temat postu: U.S. stocks drop amid Fed meeting and Japan's disa
U.S. stocks drop amid Fed meeting and Japan's disaster
U.S. stocks dropped on Tuesday amid concern over Japan's nuclear disaster, even though Fed said the economy recovery was "on a firmer footing."The major indices on Tuesday were lost more than 1 percent. The Dow Jones industrial average lost 137.74 points,
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The remarks relieved investors' concern but the possible outcome of Japan disaster was still hovering around investors' mind.After an explosion and a fire dramatically escalated Japan's disaster, dangerous levels of radiation began leaking from a broken nuclear plant Tuesday in Japan, investors worried that the nuclear crisis will have a negative impact on Japan's economy, the world's third largest. Japan's Nikkei 225 stock average fell more than 1,
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As of stocks, Entergy Corp.,
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, an integrated energy company, lost 2.28 percent to 68.49 dollars in the morning trading but rebounded to 68.58 dollars in the afternoon, rising 0.14 percent.General Electric Co, which has combined nuclear ventures with Hitachi Ltd. of Japan,
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Japanese shares traded in New York dropped as well. Toyota Motor Co, which said it would suspend production at all its Japanese car plants, dropped 4.23 percent then rebounded to 0.48 percent to 81 dollars.
With the situation in Japan worsened after radiation leak,
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, spurring world-wide selloffs. U.S. crude oil price on Tuesday plunged near 4 percent after opening higher at 101.86 dollars a barrel, as a deepening nuclear crisis in Japan triggered a panic sell-off in the commodity markets.Most investors flocked to put their money in safe haven items, such as U.S. Treasuries, pushing prices higher.
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