GDP data of US getting worse, Wall Street fainted

onestopwebsite.blogspot.com – Wall Street index getting worse. This is triggered by the fallen of US GDP that is making the investor sell their stock right away. As result, stock exchange index dropped up to 148 points. Recent economic data shows that US GDP dropped by 3.8% during fourth quarter of 2008. This data is the worst ever in the last 27 years. Investor can’t set themselves free from their anxiousness of Obama’s uncertain plan to taking over banking assets. Monetary stock drop. For instance, Citigroup Co. stock drop by 9%, bank of America 3% and Procter & Gamble 6,4%. Thus, Dow Jones index sharply drop 148.5 points or 1.82% to 8000.86. Standard and Poor’s 500 index drop by 19,26 points or 2.28 % to 825.88 and NASDAQ 31.42 points or 2.08 % to 1,476.42. (January 31, 2009)

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