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Wall Street's Christmas Collapse: Dow Jones suffered the biggest drop in 100 years



According to the latest available data, The industry average Dow Jones lost 653.1 points, or 2.9 percent, to 21,972.27 units, the highest daily decline of one century in one day in Christmas Eve, according to the Baron location.

In addition, the S & P 500 index fell 65.32 points or a 2.70 percent up to 2,351.3 units.

Index index of Nasdaq she lost 140.08 points, or 2.26 percent, to 6,192.92 units.

European bags

The major European stock exchanges closed this Monday at a low level, with the exception of Frankfurt, which remained closed.

London lost 0.5%, Paris 1.4% and Madrid 0.9%. The three squares cut the sessions for Christmas Eve

Markets remain depressed due to the possibility of further tightening of the Fed's monetary policy (Fed), according to analysts.

"Markets remain under pressure from an aggressive (from the expected) Fed statement last week, which exacerbated fears of slowing growth" said Mike van Dalken, head of market research at Akendo markets.

European shares so far have fallen by almost 14% and are moving towards them worse annual results of 2008.

The complex divorce of the United Kingdom and the EU, the Italian disputed budget and the trade dispute between Washington and Beijing have also hit markets this year, forcing analysts to gradually reduce their estimates of revenue growth for companies. European


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