Menu
31/08/2001
Dow Jones closes at five-month low
The Dow Jones has closed below the 10,000 level for the first time in nearly five months, at 9963.3.
The result was further gloomy news on the economy for US companies and pulled Asian markets down in their stead, exacerbating the trend set by fresh waves of gloomy economic data from Pacific nations.
New York's key stock market index, the Dow Jones industrial average closed down 171.32 points, a 1.71 per cent drop, at 9,919.58. The index has so far fallen eight per cent this year.
The Nasdaq technology stocks index fell too, losing 51.5 points to close at 1.791.6, its lowest since April 9.
By mid-afternoon trading in the FTSE-100 had recovered slightly from yesterday’s low to reach 5344.6 points.
The stock market falls came after weak consumer spending data from the US Commerce Department showed the economy continuing to slow down.
In the US consumer spending accounts for around two-thirds of the economy’s activity. (MB)
The result was further gloomy news on the economy for US companies and pulled Asian markets down in their stead, exacerbating the trend set by fresh waves of gloomy economic data from Pacific nations.
New York's key stock market index, the Dow Jones industrial average closed down 171.32 points, a 1.71 per cent drop, at 9,919.58. The index has so far fallen eight per cent this year.
The Nasdaq technology stocks index fell too, losing 51.5 points to close at 1.791.6, its lowest since April 9.
By mid-afternoon trading in the FTSE-100 had recovered slightly from yesterday’s low to reach 5344.6 points.
The stock market falls came after weak consumer spending data from the US Commerce Department showed the economy continuing to slow down.
In the US consumer spending accounts for around two-thirds of the economy’s activity. (MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
13 September 2001
Mood of uncertainty surrounds world stock markets
With US stock exchanges closed until Friday at the earliest, the mood of uncertainty is continuing to overshadow Europe's stock markets.
Mood of uncertainty surrounds world stock markets
With US stock exchanges closed until Friday at the earliest, the mood of uncertainty is continuing to overshadow Europe's stock markets.
06 September 2001
FTSE drops to three-year low
As the FTSE 100 index of leading UK shares dropped to a three-year low of 5,191.6 in Thursday afternoon trading the American Dow Jones showing signs of immediate nervousness on opening. The reaction came as stock markets throughout Europe plunged to greater depths.
FTSE drops to three-year low
As the FTSE 100 index of leading UK shares dropped to a three-year low of 5,191.6 in Thursday afternoon trading the American Dow Jones showing signs of immediate nervousness on opening. The reaction came as stock markets throughout Europe plunged to greater depths.
07 April 2010
Irish Manufacturing Expands
Irish manufacturing expanded in March for the first time in more than two years as the global economic recovery boosted export demand, the Irish Independent has reported. An index of manufacturing activity increased to 53 from 48.6 in February, NCB Stockbrokers said in a monthly report today. Any reading above 50 indicates expansion.
Irish Manufacturing Expands
Irish manufacturing expanded in March for the first time in more than two years as the global economic recovery boosted export demand, the Irish Independent has reported. An index of manufacturing activity increased to 53 from 48.6 in February, NCB Stockbrokers said in a monthly report today. Any reading above 50 indicates expansion.
07 September 2001
Global stock markets take further tumble
Although the Nasdaq recovered slightly in afternoon trading thanks to some good news in the technology sector, a higher than expected rise in the US unemployment rate served to reinforced the current downward trend in global stock markets. Official data from the US Department of Labour shows that in the US unemployment jumped to 4.
Global stock markets take further tumble
Although the Nasdaq recovered slightly in afternoon trading thanks to some good news in the technology sector, a higher than expected rise in the US unemployment rate served to reinforced the current downward trend in global stock markets. Official data from the US Department of Labour shows that in the US unemployment jumped to 4.
15 February 2002
FTSE rallies to top two-week high
The FTSE 100, which had slipped below the 5200 mark, rallied late on Friday afternoon to top a two-week high. At one stage in early morning the index was trading at the 5185 before the midday come back restored the index to exceed yesterday's highs.
FTSE rallies to top two-week high
The FTSE 100, which had slipped below the 5200 mark, rallied late on Friday afternoon to top a two-week high. At one stage in early morning the index was trading at the 5185 before the midday come back restored the index to exceed yesterday's highs.
-
Northern Ireland WeatherThis Evening and Tonight:A dry evening with late sunny spells and some long clear spells overnight. Becoming cloudier across the north towards dawn with a few showers possible. Touch of frost in south. Minimum temperature 0 °C.
