Dow Jones Index fell 245.40 points or 2.72% at 8769.70 points as of closing.
On Wednesday, American stock market sharply closed low; Dow Jones Index fell 245.40 points or 2.72% at 8769.70 points; S&P 500 Index retreated by 28.05 points or 3.00% at 906.65 points, while NASDAQ Index slipped by 53.32 points or 3.23% to 1599.06 points.
American employment further deteriorated.
As shown in ADP report by American non-governmental employment service institution, in November 2008, American non-governmental employment number decreased by 693 thousand, far above the former expectation of 545 thousand; it indicated that American employment tended to further deteriorate. In addition, according to Bloomberg, December layoff number in chemical medicine, finance and retail industries equaled about four times the amount of corresponding period in 2007. With further recession, American unemployment was likely to increase in short run.