Wall Street falls with flop Draghi to reassure markets

ECB President Mario Draghi failed to reassure investors. After the falls in Europe, Wall Street also closed in red.

At the end of the session, the Dow Jones Industrial Average fell 0.71%, while the technological Nasdaq lost 0.36% and the S & P 500 slid 0.74%.

The penalizing the negotiations was the failure of the President of the European Central Bank (ECB), Mario Draghi, who failed to reassure investors. The official said that until the institution is preparing plans to buy debt of eurozone countries, but only after the intervention of the euro bailout funds.

"It's the 'status quo'. I do not understand why people believe that the authorities may have magic solutions. Not believe there is a magic solution. There are limits to what the ECB can do," said Hayes Miller, manager funds in Baring Asset Management, told Bloomberg.

At a press conference after the meeting where the ECB decided to keep interest rates at historic low of 0.75%, Draghi said that the plans for the purchase of bonds by the ECB shall be implemented in the coming weeks.

Also the condition the U.S. stock markets were the latest data from the labor market in the world's largest economy. Investors were now to know that the number of Americans who requested unemployment benefits for the first time in the U.S. rose last week, although the increase was lower than expected by economists.

Tomorrow is the scheduled release of U.S. unemployment rate. Experts anticipate that it remained at 8.2% in July.