Government abandoned the issue to buy assets of more than 5% of the large U.S.

The Dow fell 411.30 points to close at 8282.66 points, or 4.73 percent. Standard & Poor's 500 Index closed at 852.30 points, or 5.19 percent. The Nasdaq composite index closed at 1499.21 points, down 5.17 percent By the performance of companies, as well as pessimistic about the prospects of the U.S. Treasury Department to give up to buy assets such as mortgage problems of factors, 12, of New York stock market fell on the third day in a row, three of the index recorded a decrease of 5%. On the same day, the consumer electronics retailer Best Buy said that by late summer this year since the rapid decline of the impact on consumer spending, the company reduced performance targets for the next fiscal year, Best Buy was down 8%. At the same time, department stores Macy also announced that consumer spending due to the sharp decline in third-quarter loss of 44,000,000 U.S. dollars, and warned that sales and profits in the fourth quarter may be close to the company's expected range off the assembly line. Investors worried that consumer spending will lead to a decline in the U.S. economy into a sustained and serious recession, U.S. stocks opened sharply lower. 12 energy and raw materials remain in the stagnant plate. The global economic slowdown's impact on energy demand led to worries of the international crude oil prices continue to fall, down to 22 months to its lowest level since. The world's largest oil company Exxon Mobil fell 5.1 percent, the fourth-largest U.S. energy company Occidental Petroleum fell 11%, energy sector fell 7.3 percent. AK Steel Corp. of the United States were dragged down plates of raw materials fell 6.4 percent as a whole. On the same day, U.S. Treasury Secretary Paulson on 700,000,000,000 U.S. dollars financial assistance to the latest progress in his speech. He said that the Ministry of Finance is unlikely to be in accordance with the planned acquisition of the overall banking sector non-performing assets, but plans to deal with non-banking financial sector, consumers are facing multiple challenges. Paulson gave a speech, Goldman Sachs, Citigroup, and other banking financial institutions of an enlarged drop in Citigroup's share price is below 10 U.S. dollars, led to the S & P 500 financial sector fell to 12-year low. The main stock index also fell to accelerate. New York stock market closed, the Dow Jones industrial average price index over the previous trading day down 411.30 points to close at 8282.66 points, or 4.73 percent. Standard & Poor's 500 index fell 46.65 points to close at 852.30 points, or 5.19 percent. The Nasdaq composite index fell 81.69 points to close at 1499.21 points, or 5.17 percent. Major European stock markets also fell on the same day. London stock market, "Financial Times" 100 Share Index fell 1.52 percent to close at 4182.02 points. Frankfurt DAX stock index fell 2.96 percent to close at 4620.8 points. Paris CAC40 stock index fell 3.07 percent to close at 3233.96 points.