Bank of America have slipped 4 4pc after a CNBC report seeking to a consortium of eight investment firms, including PIMCO, BlackRock and the Federal Reserve Bank of New York, for to buy packaged loans in $47bn bonds.
"Wall Street is measure in real time of the crisis in mortgages, lenders loan loss" Chad Morganlander, an official money at Stifel, Nicolaus, says Bloomberg. " This additional overhang housing debacle goes to maintain financial stocks at Bay for a long period of time.»
BoA, largest in the country by assets, Bank also posted a quarterly loss United $ 7 due to changes in legislation in debit card transaction fees.
• FTSE 100 report
Blue-chip Dow Jones Industrial Average has dropped from 165.07 points, or 1. 48pc close 10,978.62 points on Tuesday, while the broader S & P 500 index lost 18.81 points, or 1. 59pc 1,165.90 points.
Rich technology Nasdaq composite index shed 43.71 points, or 1 76pc 2,436.95 points, as Apple is 2 7pc on earnings as forecast estimate and IBM dropped 3 4pc due to a decline in new contracts.
"U.s. stocks remain solidly lower technology sector provides the lion's share of the burden on equity markets", analysts of Charles Schwab told AFP.
"Interest rate first hike in China since 2007 is also the cause of a sense of discomfort and materials are some pressure, exacerbated by a strong advance in the U.S. dollar, which is weighing on denominated products."
Losses followed the decision of the Central Bank China to increase interest rates for the first time in nearly three years in efforts to curb inflation and real estate boom.
Bank of China said that it will be Wednesday increase loan Yuan a year to 5 5 31pc 56pc and yuan year drops 2 5pc 2 25pc rates.
Increasing verging on the global currency market and comes in advance of key data this week expected to show growth in the second world economy continued to slow in the third trimestre.Dans NY end trade, the pound sterling was extracted $1.5704 down from $1.5878 Monday.
Advance the dollar hit market commodities such as gold tumbled $31 $1,338 per ounce, wiping out the week gains dernière.Les oil prices fell too with Brent Crude for December delivery 4 10pc sliding to $81.10.
Shortly after the markets closed, Yahoo! said that net income has more than doubled in the third quarter of $396.1 m and revenues have increased 2pc to.$ 6bn.
The search engine giant said it expected revenue making $ 1 to. 53bn $1 in the current quarter.
The bond market has slightly augmenté.Le performance on the obligations of the US Treasury slipped 2 48pc 2 49pc Monday, while on the binding of 30 years of 10 years decreased from 3 3 93pc 90pc.
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