NEW YORK (Reuters) – U.S. stock markets have closed sharply lower Thursday evening, the risks surrounding General Motors bankruptcy by blowing a new wind of pessimism on Wall Street, especially as the fate of the country’s major banks n is not much better..

The Dow Jones dropped 4.09%, 281.40 points to 6594.44. The S \u0026 P 500 yielded 30.32 points (-4.25%) to 682.55, touching a session low in September 1996, and the Nasdaq fell 4%, 54.15 points to 1299.59. The latter was no longer fell below the 1,300 points since November 21.

In an annual report to Exchange Commission, GM said its listeners ate serious doubts on its ability to continue trading without having to file for bankruptcy if it fails to reduce its losses and to contain hemorrhage of cash.

” It is clear that the concerns surrounding the financial sector are quite heavy and everyone wondered if the banks can pay dividends, ” said Henry Smith of Haverford Trust.

In addition, the fund has suffered heavy drug clearance after the launch of the proposed reform of health insurance for Barack Obama, investors feared a drop in industry profits.

The airline industry has also experienced a catastrophic meeting after publication of the figures of attendance airlines in February. Delta has plunged 11.88% to 3.93 million, while AMR, the parent of American Airlines, lost 2.54 dollars to 18.06% and U.S. Airways has transferred 16.88% of 1, $ 97.


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