Wall Street Red Gara-Gara Wells Fargo & Co.

NEW YORK - The Dow Jones returned corrected at the close of trading Wednesday (21/10/2009) local time, as the poor financial report several banks. Attenuation index raises concerns that the overheated market began.

As reported by Reuters on Thursday (22/10/2009), the Dow Jones index closed fell 92 points, after the time is at a new level this year with 78 points stronger in early trade opening.

Some analysts pointed to Wells Fargo & Co. became the cause of decline in the index. Third quarter performance report-2009 Wells Fargo, Morgan Stanley, and U.S. Bancorp are improved. But also booked losses increased to a large credit.

In addition, the decline in stock value which also caused the index has reached its highest level this year. Another negative sentiment, the weakening U.S. dollar, oil prices rose to a new level and statement Wall Mart Stores Inc., which cut prices. These price cuts demonstrate that consumers' purchasing power is still weak and needs to be sustained.

These sentiments, with the Dow Jones index fell 92.12 points, or 0.9 percent, to equal 9949.36. While the index Standard & Poor's 500 fell 9.66 points, or 0.89 percent equivalent to 1081.4 and the Nasdaq index fell 12.74 points, or 0.6 percent, to equal 2150.73