The Economic Outlook Is Worrying &Nbsp; The US Stock Market Means A Sharp Drop Of Over 4%.

The US stock market fell sharply on Thursday. Dow finger The close down 512 points. Worries about the global economic weakness have led investors to withdraw quickly, the stock market has collapsed, and the yield of two-year Treasury bonds has dropped to a record low.

At 16:00 on the eastern time of August 4th (Beijing time August 5th 04:00), the Dow Jones Industrial Average fell 512.53 points, at 11383.91 points, or 4.31%, while the Nasdaq composite index [2011.97 -1.82%] fell 136.68 points, at 2556.39 points, or 5.08%, while the standard & Poor's 500 index dropped 60.24 points, at 1200.10 points, or 4.78%.

Howard Silverblatt, a senior index analyst at the S & P group, said there were many uncertainties in the market, including worries that the company might have lowered its expected third quarter earnings performance in the outlying Silverblatt.

Civil Blatt said, "if the index points are too high and the business sector has lowered the expected performance in the third quarter, then the last pillar supporting the stock market will collapse."

A market strategist said that the US government had made an improvement at the last minute. debt Before the cap agreement, the risk of default in the United States in two weeks is exhausting for the capital market.

Bruce Mccain, chief investment officer of Key Private Bank, Bruce McCain, said: "we are worried about death. How can we get rid of the bad news of these merciless roller coaster?

European stock markets fell sharply as news came that Italy and Spain might ask for assistance from the European Union.

Mccain said that Italy and Spain may seek help from the United States. Exit There is a negative effect. "This has actually played a role in smashing the myth that the United States can rely entirely on itself to achieve economic recovery. From a long-term perspective, we will be more prudent in monitoring the dynamics of Europe and emerging markets. "

Kaf foods (KFT) rose 1.1%, becoming the only rising Dow stocks. The company announced that it will be split into two parts, the global snack sector and the North American grocery business department. In addition, the company announced earnings growth exceeded expectations and raised annual profit forecasts.

The Dow has fallen below the closing point at the end of 2010. The S & P 500 index has dropped 2.6% compared with its closing point in December 31, 2010, and the natural resources and energy sector is leading a decline. The NASDAQ dropped 1.5% from its closing point at the end of last year.

On the economic data side, the US Labor Department announced that for the week ending July 30th, the number of people claiming unemployment benefits for the first time was 400 thousand. According to a survey by Bloomberg, economists expect an average of 403 thousand. A week earlier, the number of unemployed Jin people was 398 thousand. Economists surveyed by MarketWatch expect the figure to rise to 400 thousand on average.

Following Thursday's first report on unemployment benefits, the United States will release a large number of non farm payrolls in the United States on Friday, and analysts expect employment to increase by 75 thousand people on Friday.

Japan's Nikkei 225 index closed up 0.2%. Asian stock markets mostly fell on Thursday. European stock markets closed at a 13 month low.

The European Central Bank has announced that interest rates will remain unchanged. In view of the economic slowdown and market turmoil caused by the European sovereign debt crisis, the ECB President Tyse is likely to take a wait-and-see attitude in the euro interest rate policy in the future.