funds "Big Three" face, Wall Street groan

New York, Stock-Wall Street shares slide on Thursday (11/12) local time, because of diminishing prospects for the rescue package plans get 14 billion U.S. dollars to the U.S. automotive industry is problematic, after a key senator oppose such action.

Index Dow Jones Industrial Average fell 196.33 points (2.24 percent) to close at 8.565.09. Nasdaq composite index off 57.60 points (3.68 percent) to 1507.88 and the index of the Standard & Poor's 500 plunged 25.65 points (2.85 percent) to 873.59.

Markets opened weak after disappointing economic news, then continue penurunannya truncated before sinking because of the news bill to make automotive salvage the road to Wall Street."According to some sources, members of the Senate of the Republic of Party has been successful with both kill the bill bailout Detroid," said Douglas McIntyre from the financial site 24 / 7 Wall Street.Senate leaders from the Party of the Republic of Mitch McConnell announced penentangannya against the plan, the relationship with President George W. Bush.

White House says the failure to get the bill to encourage the bankruptcy of one or more of the Big Three automotive industry and aggravate the economy are problematic.White House spokesperson Dana Perino said: "We believe the economy is now in a weakened condition ... the possibility of another one million workers to lose something that can not be supported our economy."

Markets also reacted to the beruta claim that unemployment in two weeks and jumped to the highest position a new 26-year 573,000, far above expectations. "This is egregious," said Ian Shepherdson of High Frequency Economics.

"It is very clear that the trend of reduction in staff is still meroket, because companies throw towels (knuckle-red.) Due to a deep recession."Disappointing news also came from the U.S. trade deficit widen 1.1 percent in October to be 57.2 billion U.S. dollars. "Deficit of trade will create more long recession and depth, and reduce the positive benefits from the stimulus package the President-elect (will) Obama," said Peter Morici, economist from the University of Maryland.

Among shares in focus, General Motors plunged 10.43 percent to 4.12 U.S. dollars and Ford down 2.90 percent to 10.77 U.S. dollars because of giant-automotive giant is currently awaiting news bailout plan.Boeing declined 40.27 percent to 3,384 dollars because officially delay the launch and delivery of 787 Dreamliner jet.

JPMorgan Chase declined 10.68 percent to 29.94 U.S. dollars, dragging other financial sector stocks, after the head of the executive Jamie Dimon to CNBC said that the month of November is the "worst" for the company and December have been far worse.