New York stock market index fell yesterday

As the market worried about Osama bin Laden's death would trigger a new round of terrorist attacks, the three major New York stock market index fell yesterday.


Obama announced Qaeda leader Osama bin Laden was killed, the New York Stock Exchange was up at begining. However, market participants believe that investors think that Osama bin Laden was killed to the stock market is a short-term response, long-term perspective, the New York stock market is still dependent on U.S. economic recovery, monetary policy and market trend the case of company fundamentals. In addition, investors are more concerned about the new geopolitical situation and the changes brought about the situation in the Middle East. in particular, they worried about Osama bin Laden was killed may lead to the revenge. So the stock market fell in the afternoon.


On the data front, U.S. Institute for Supply Management said manufacturing activity index in April fell to 60.4 points from 61.2 points in March. Higher than 59.5 points that the market average expecting.


Meanwhile, the U.S. Commerce Department said construction spending in March rose 1.4% qoq, higher than 0.5% that the market's expectation.


When New York stock markets closed, the Dow Jones 30 Industrial Average index down 3.18 points to close at 12,807.36 points, down 0.02%. Standard & Poor's 500-stock index fell 2.39 points to close at 1361.22 points, down 0.18%. The Nasdaq composite index fell 9.46 points to close at 2864.08 points, down 0.33%.