11 Jul 2012

Wall Street down again

8:38 am on 11 July 2012

Wall Street fell on Tuesday for a fourth consecutive day with investors worried that sluggish global growth is taking a toll on US company earnings.

The Dow Jones Index closed down 83 points, or 0.6%, at 12,653. The Nasdaq Composite was down

29 points, or 1%, at 2,902.

In Europe: the FTSE 100 in London was up 0.65%, the DAX in Frankfurt was up 0.79% and the CAC-40 in Paris was up 0.59%.

The Australian 200 Index closed on Tuesday down 20 points, or 0.5%, at 4,098 and the NZX50 index closed down 15 points, or 0.4% at 3465.

At 8.30am on Wednesday, the New Zealand dollar was trading at 79.43 US cents, 77.97 Australian cents, 51.23 pence, 63.13 yen and 0.6486 euro. The Trade Weighted Index was at 72.31.

Brent crude oil was trading at $US100 per barrel and gold was trading at $1577 per ounce.