Asia Bizz: Wall Street Stocks Fall During Opening On Wednesday
Stocks on the Wall Street fell face forward, after a weak opening on Wednesday morning. The main reasons behind this decrease is the trade deficit with China and slow economy growth, after Federal Reserve showed very poor performance. Chinese trade has increased in the US, but on the imports side.
China has become aggressive on its trade and especially its exports to the US. The Federal Reserve could not provide enough luster, because the growth rate of the US economy is very slow, as it had been targeted.
US has taken a strong blow on many of its industries, which include slashing of jobs and strong surge in unemployment. This has become an important factor in which the growth rate of the economy has slowed down, Â and if we read the stats of the past couple months, the economy growth seems to have stalled.
