- CNTV English - CCTV News

Stock markets recoup huge losses after Fed meet

08-10-2011 13:03 BJT Special Report:After S&P Downgrades U.S. Credit Rating |

Watch Video

Play Video

Stock markets in the US and Europe have rebounded sharply Tuesday after a black Monday. US stocks rallied in a volatile session as investors struggled to decipher the Fed's signals on the economy after the two-week slide.

The Dow Jones industrial average gained more than 420 points, an increase of nearly 4 percent. The Standard and Poor's 500 index rose more than 4.5 percent while the Nasdaq Composite Index added just about 5.3 percent.

Meanwhile, shares have also risen on the other side of Atlantic. The London stock market climbed back on Tuesday as the leading FTSE 100 index closed at 5164.92 points, nearly 2 percent higher than the previous day. France's CAC also added 1.6 percent. Germany's DAX was also recovering from a steep slide, closing with the loss of just 0.1 percent, an optimistic sign for the market.

Traders work on the floor of New York Stock Exchange in New York, the United States, Aug. 9, 2011. The U.S. stocks surged in the last hour trading on Tuesday and nearly regained Monday's huge losses after the Federal Reserve decided to keep the ultra-low interest rate unchanged for at least two years. (Xinhua/Zhu Wei)

Traders work on the floor of New York Stock Exchange in New York, the United States, Aug. 9, 2011. (Xinhua/Zhu Wei)

A trader works on the floor of New York Stock Exchange in New York, the United States, Aug. 9, 2011. (Xinhua/Zhu Wei)


Related stories


Editor:Zhang Dan |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program