Financial Sector falling down Wall Street


Shares on Wall Street Monday (25 / 8) or Tuesday night concerns fell after suffering experienced by American International Group Inc.. (AIG.N), the more stressed that the financial crisis still handcuff the United States.

Insurance company based in New York, AIG, high declined at between 30 top stocks in the Wall Street analysts after Credit Suisse cut the target price estimate, and that the company will suffer great loss in the third quarter of this year. Not to Fitch Ratings, which will lower the rank AIG subsequent decline in financial performance of the giant insurance company.

Experienced similar suffering other financial institutions and banks, triggered by increasing customer is not able to pay their mortgage. Housing sector also contributed dark cloud after data from a number of real estate sales agent mention the amount of property that is not behavior reached the highest level throughout the period in July.

Many of bad news from the financial sector is to create the index, Dow Jones fall 241.81 a 11386.25. Dow index jumped almost 20 points last week after oil prices fall more than U.S. $ 6 per barrel.

While the index of the Standard & Poor's 500 fall 25.36 points to be 1266.84 and the Nasdaq index fell 49.12 to become 2365.59.

Pressure on Wall Street also came from world crude oil prices, which rose 52 cents to U.S. $ 115.11 per barrel on the New York Mercantile Exchange following the arrival of the threat of tropical storm Gustav in the Caribbean area is close to the production facilities of oil and gas in the U.S. Gulf of Mexico.