U.S. stocks data to trigger panic down the Dow down 283 points

U.S. stocks fell sharply Thursday, the Dow Jones Industrial Average index rose for two consecutive trading day after Thursday fell nearly 300 points. The latest employment and housing market data so that investors panic.

Car manufacturers Ford and De Mule's earnings have been disappointing.

Morgan Keegan & Co. Executive director of Morgan Keegan & Co., "Said the first increase in the number of applications for unemployment benefits, housing market continued to slump, the U.S. economy is bad news, investors once again felt fear."

The Dow Jones industrial average was down 283.10 points to close at 11349.28 points, or 2.43 percent. Within the 30 constituent stocks in a total of 24 shares fell. Boeing fell 6.4 percent, Citigroup fell 7.3 percent.

The Standard & Poor's 500 index fell 29.65 points to 1252.54 points, or 2.31 percent. The financial section of which fell 3.8 percent, to be non-consumer products segment fell 2.3 percent, information technology segment fell by 2%.

Washington Mutual Bank (WM) led by financial stocks, the current decline of 18.9 percent. The nation's largest savings bank Tuesday on a report after the close-quarter loss of 3.33 billion U.S. dollars. The stock has dropped this week by 32 per cent.

UBS (UBS) fell 6.3 percent. The company by New York State Attorney General Andrew Cuomo's allegations, charges the company sale of securities when interest rates mislead investors.

The Standard & Poor's 10 major medical industry is the only section of the plate up, or the current 0.1 percent.

(Phoenix Financial)