U.S. Exports Fell, Wall Street Inflamed

The prices of main index shares on Wall Street fell sharply this time. The decline came after the U.S. government revealed the trade balance deficit in June and then scored the highest record in the last 20 months. This is marked by the drop in exports.

At the closing Wednesday afternoon New York time (Thursday morning GMT), the price index of the stock Dow Jones industrial was down 265.42 points (2.5 percent) to 10378.83. This is the biggest decline since June 29 last.

Index Standard & Poor’s 500 fell 31.59 points (2.8 percent) to 1089.47. Similarly, the NASDAQ composite index fell 68.54 points (3 percent) to 2208.63.

A day earlier, all the indexes on Wall Street fell after investors dissatisfied with the plan of the Federal Reserve (Fed) in reviving the stimulus program, which is only in the form of purchases of government bonds in relatively small amounts. The Fed also re-assesses the economic recovery in the U.S. that does not seem as fast as expected.

This time, traders in the stock market hit back after the U.S. Commerce Department revealed the balance of trade deficit in June. Means the performance of manufacturing exports fall in the U.S. also slowed. In fact, earlier this year, the manufacturing sector began to show signs of revival.

At the global level, traders are also concerned to reports from China that the country’s industrial growth down. In Japan, the government revealed a disappointing report on the development of economic indicators of Sakura State.

The news was frustrating for investors in groping prospects of economic recovery. “All parties are now scratching their heads. We seemed to be somewhere the middle of nowhere, so completely wrong,” Javier Perez-Santalla said, observers from the Dinosaur Group.