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U.S stocks fall on euro concerns…

Published 10/03/2011, 04:29 PM
Updated 10/03/2011, 04:32 PM
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The world's leading saw its shares falling to close in red as concern over the Greek debt crisis offset an unexpected rebound in manufacturing and construction spending to actually witness the biggest quarterly slump for the Standard & Poor’s 500 Index since 2008. in fact fears persist on a global due to the unsolved debt crisis that lives on in the euro area.

 

The performance of U.S. stocks as follows:

The Dow Jones Industrial Average 258.08 points, or 2.36% as it closed for the day when the levels of 10655.30 points, its highest level at 10979.19 points, while the lowest levels of the day at 10653.34 points, with the end of trading today, shares were up one in the index was down 29 shares.

The index of the S & P 500 fell 32.19 points or by 2.85% to close at 1099.23 levels of the index reached its highest level at 1138.99 points and a low of 1098.92 points, with 12 shares rose, while the index fell 488 shares at the end of trading today.

Up to the NASDAQ Composite Index, we have seen falling by 79.57 points, or 3.29% to close the day at levels of 2335.83 and had recorded its highest level for the day at 2430.88 points and the lowest was recorded at 2335.23 points, closing the day up 177 shares the index fell, while 2278 shares and 151 shares remained unchanged at the end of trading today.

Speaking on the performance of banks and corporate America at the end of a tour today, Monday, 03 October / October 2011, we have seen a decline in shares of American Airlines or AMR rate of 33.11 percent, due to the emergence of expectations and speculation emphasizes the approach of the U.S. economy out of recession again, which may forcing the company to bankruptcy!!

As we have seen decline in shares of Bank of America rose by 9.64 percent, to lead the decline in financial stocks, as we have seen decline in shares of Alcoa rose by 7.00 percent, due to concern for Greece, which led the decline in the prices of precious metals, while lower shares of Las Vegas Sands rate of 4.25 percent, following a steady drumbeat of data on the slowing Chinese economy.

On the other hand has dropped shares of Bank of Citigroup rose by 9.78 percent, following the confirmation of the bank that could face sanctions Japanese as violation of some units of the Bank of Japan to some of the laws, while Shares of Hewlett-Packard and 3M rates reached 1.11 and 1.20 percent, to lead the those shares lower stock list contributed most to the growth of the U.S. economy.

We must be noted that Yahoo's shares rose by as much as 2.73 percent, following the confirmation of Chief Executive Officer of Alibaba Group Holding that his company is interested in buying a unit and Yahoo.

We have seen today's high dollar index, which measures the performance of the dollar against six major currencies including the euro and the Japanese yen and the pound sterling, currently trading at levels of 79.44 since the opening of trading at levels of 79.08, its highest level during the day at 79.57 and achieving its lowest level during the day at 78.79 .

The gold has seen a rise on the daily chart during the current period as a safe haven for currently trades at 1653.99 U.S. $ per troy ounce, since the opening of trading at 1628.79 U.S. $ per troy ounce, while oil has dropped up to 76.78 U.S. dollars a barrel, since the opening of trading at levels of 78.80 dollars U.S. a barrel

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