U.S. stock markets continue rout, Dow Jones tumbles 547 points

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NEW YORK, New York – American stock markets and global bourses ended September with more losses across the board.

“U.S. investors are glad to see September end,” Edward Moya, senior market analyst at OANDA, told Reuters news agency Thursday. “US stocks ended mostly on a down note as lawmakers try to avoid a government shutdown and deliver on the $1 trillion infrastructure bill, all while an energy crisis brews abroad.”

Industrial stocks on Wall Street were hardest hit with the Dow Jones tumbling 546.80 points or 1.59 percent to 33,843.92.

The Standard and Poor’s 500 declined 51.92 points or 1.19 percent to 4,307.54.

The Nasdaq Composite dropped 63.86 points or 0.44 percent to 14,448.58.

The U.S. dollar was mixed. It rose sharply against the euro to 1.1583, approaching the New York close Thursday. The British pound edged up to 1.3475. The Japanese yen advanced to 111.31. The Swiss franc was little changed at 0.9318.

The dollar bloc gained ground. The Canadian dollar rose to 1.2663. The Australian dollar was higher at 0.7228. The New Zealand dollar climbed to 0.6903.

Overseas, the German Dax dropped 0.68 percent. In Paris, France the CAC 40 let go 0.62 percent. London’s FTSE 100 closed down 0.31 percent.

On Asian markets, the Australian All Ordinaries accelerated 129.50 points or 1.73 percent, to close Thursday at 7,629.70.

In Japan the Nikkei 225 headed in the other direction, shedding 91.63 points or 0.31 percent to 29452.66.

China’s Shanghai Composite rose 31.87 points or 0.90 percent to 3,568.17.

The Hang Seng in Hong Kong shed 87.86 points or 0.36 percent to 24,575.64.