Fri, 03 Aug 2012 15:55:10 GMT
Wall Street slumped on Draghi's comments
Wall
Street fell on Thursday as the ECB announced no plan of action to address Eurozone's
debt crisis. The Dow Jones Industrial Index dropped 0.7 per cent, to 12,886.52;
the S&P 500 Index tumbled 0.7%, to 1,366.50, and the Nasdaq Composite
declined by 0.1 per cent, to 2,917.17. Meanwhile, the ECB is planning to cooperate
with governments in bond-purchasing program in order to stimulate Eurozone's
economy,