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国际英语新闻:Wall Street slips on economic slowdown concerns
国际英语新闻:Wall Street slips on economic slowdown concerns
Source: 2011-06-07 English BBS Favorite NEW YORK, June 6 (Xinhua) -- U.S. stocks slipped on Monday as investors were concerned about the U.S. economic slowdown and became more cautious in the markets.
The market sentiment市场情绪,市场气氛 was still weighed after five straight weekly losses. Investors were wary about the strength of economic recovery after the latest economic data经济数据 pointed weaker growth.
Major averages ended last week with sharp declines after the monthly jobs report from the Labor Department showed the economy added least jobs in eight months. Meanwhile, the unemployment rate jumped to 9.1 percent from 9.0 percent, providing fresh evidence that the economic recovery is running out of steam失去势头,精疲力竭.
With the absence of major economic news, investors were apparently taking sidelines兼职,端线. All sectors were trading lower, while energy and financial stocks were among the biggest losers.
Crude oil prices fell on Monday with U.S. benchmark基准 losing 1.21 percent to settle at 99.01 dollars a barrel and the London Brent crude dropping 1.17 percent to close at 114.48 dollars. Lower oil prices pressured energy sector.
And bank stocks extended延长,扩充 last week's decline mainly caused by Washington's discussion about raising capital requirements.
The Dow Jones industrial average dipped下降,下沉 61.30 points, or 0.50 percent, to 12,089.96. The Standard & Poor's 500 was down 13.99 points, or 1.08 percent, to 1,286.17. The Nasdaq Composite Index纳斯达克综合指数 dropped 30.22 points, or 1.11 percent, to 2,702.56. |
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