Wall Street is in the midst of rising rates of return on national debt, poor performance of Wal-Mart and the continuation of the war. Slide
Wall Street has fallen as a result of rising sovereign debt yields, poor Wal-Mart performance and the continuation of the war in the Middle East. On Thursday, the Standard & Poor ' s 500 index fell 64.33 points, by 0.83 per cent, by 272.67 points, by 1.04 per cent, and by 26058.42 points. The Jones industrial index fell by an average of 693.04 points, or 1.3 per cent, to 52770.01. The increase in the rate of return on national debt and the rise in oil prices have put new pressure on the market, with Brent crude oil prices approaching $93 per barrel, the highest level in months. Wal-Mart's poor performance led to a decline of about 8 per cent in its share price, the largest single-day decline in four years. The overall market sentiment was affected by the tense situation in the Middle East, and traders were cautious about future market developments。
