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U.S. stock indexes down

November 13 2008
02:31

U.S. stock indexes on the basis of trading on Wednesday, November 12, demonstrated a decline by about 4-5% due to the refusal of the U.S. government to use 700 billion package to bailout the economy in order to repurchase mortgage loans, which added, in turn, and uncertainty over the plans of the authorities of the country to improve the banking system, informs RIA Novosti news .

By the close of trading, the Dow Jones fell by 4.73% to reach 8,282.66 points. S & P 500 on Wednesday, fell by 5.19% reaching 852.30 points. NASDAQ index on the basis of trades fell by 5.17% - to 1499.21 points. DJIA (Dow Jones Industrial Average, Dow Jones industrial average) - the average movement in share prices the 30 largest industrial corporations. S & P 500 (Standard and Poor 500 Index) - index of stock prices of 500 largest companies by market capitalization.

NASDAQ (National Association of Securities Dealers Automated Quotation, automated quotation system of the National Association of Securities Dealers) - an index of technology companies. It is calculated on the basis of quotations of ordinary shares of all companies (U.S. residents and foreign), traded in the OTC system, NASDAQ, weighted by market capitalization.

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