The US Stock Market Very Poorly Crash Down
On 5th August, The USA stock market very poorly crash down that has not been seen before. In the Government report on employment erase point the U.S. might fall back into a collapse and Europe’s growing debt crisis might threaten U.S. banks and the breakable economy ruled. The down fall was 400 points and was down 243 just before noon. Even countries like Brazil and China are going slow. Brazilian stocks also dropped about 30 percent since Nov. 4.
In future either Italy or Spain could become the next country incapable to pay off its debt. In the U.S, a possible debt default was averted earlier this week, but concerns remain. Chief among them: less spending by consumers, which is leading to anemic growth by both manufacturing and service companies and too few new jobs to lower the unemployment rate significantly.
Investors feel and worry that the federal government is more interested to harm the economy instead of helping than help it. Randy Warren, chief investment officer at the investment company Warren Financial Service, said “that the market is going down badly and there is no plan to deal with the situation”. The burden of debt has become much more tedious because the position for growth is sliding back.
The Nifty fall over 130 points in opening trade while the Sensex was down over 400 points. The selling nervousness was so massive that only 15 stocks on the BSE 500 index were trading higher. There are 30 Sensex stocks but Only ONGC was trading higher.
Some other stocks also fall down 52- point are Jindal Steel (JSPL), PSU major Bharat Heavy Electricals (BHEL), Vedanta Group Company Sterlite and Sesa Goa, government owned Steel major SAIL, Aditya Birla Group’s Hindalco, Sajjan Jindal’s JSW Steel, JP Associates, GMR Infra, Crompton, Unitech and Bharat Forge.