MarketS DailY - Oct 03

US Markets:

DOW 348.22 -3.22% 10,482.85
NASDAQ 92.68 -4.48% 1,976.72

Asia at 9 AM:

NIKKEI 11,000.71 -154.05 -1.38%
HANG SENG 17,854.11 -357.00 -1.98%

Gold: $841.40–0.34%–$2.
Crude : $93.11–0.92%–$0.86

News Today:

* Dow falls over 300 points in concerns that US house will not pass the bail out plan.

* ECB kept interest rates unchanged at 4.25%.

* Nikkei slips below 11000 to a 3 year low.

* Oil falls below $95.

* US auto sales is at a decade low, with major auto makers posting a 30% decline in car sales.

* Hong Kong prepared to ban short-selling.

* Warren buffet buys preferential stocks of GE worth $3billion, says US economy is in 'Economic pearl harbor' and government needs to act quickly.

* HCL wins axon bid.

* U.S. weekly jobless claims remained at their highest level in seven years.