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US Market down again on Economic Concerns
- Filed under: World Market
- Date: Nov 11,2008
What was not bad yesterday in US market , AIG showed loss of 24.5 billion dollars , Circuit City filed for Bankruptcy , Goldman sachs was said that they might show a 4th qtr loss instead of profit ,AmEx becomes bank to stabilize funding ,The whole day the market was in red and closed in red.
What moved the makret
>AIG posts $24.5 billion third quarter loss, government bailout is expanded to $150 billion from $123 billion
>China announces a $586 billion fiscal stimulus package
>Financials fall 4.4% after Barclays forecasts a fourth quarter loss at Goldman Sachs
