U.S. stocks end mixed on contagious fears
U.S. stocks ended mixed on Monday after Ireland formally requested a bailout as contagious fears were still lingering in the market.
The Dow Jones industrial average tumbled about 150 points in morning trading after an EU source said a total of 80 billion to 90 billion euros might not be enough to backstop Irish banks or stop similar runs on assets in heavily indebted countries.
Ireland, whose debt problems weighed on the market in past weeks, asked European Unions for loans during weekend, once giving a boost to the euro. However, enthusiasm about the deal soon melted away as investors once again focused on other stressed euro- zone countries, such as Spain and Portugal.
Meanwhile, financial stocks were under great pressure after FBI raided some investment firms, seeking documents related to hedge fund inside trading.
Goldman Sachs was one of the S&P 500's biggest losers, with shares tumbling 3.37 percent on a report over the weekend that investigators are looking at possible insider trading allegations tied to the firm's dealings in transactions including a health- care merger.
The Nasdaq composite managed to finish in positive area. Computer giant Hewlett-Packard released its results for the fiscal fourth quarter ended October after the market closed, which topped Wall Street estimates.
HP said its net income totaled 2.54 billion dollars, a 5 percent year-on-year increase, in the latest quarter, benefitting from stronger corporate spending. HP's share closed up 1.79 percent and climbed higher in after hour trading.
Investors were awaiting a heavy batch of economic data due out on Tuesday and Wednesday in a holiday-shortened week, especially the revisions to earlier estimates of the third-quarter gross domestic product. The market was expecting the latest reading to be a little bit higher than the previous 2.0 percent.
As of Monday's close, the Dow Jones industrial average dropped 24.97 points, or 0.22 percent, to 11,178.58. The Standard & Poor's 500 index fell 1.89 points, or 0.16 percent, to 1,197.84. The Nasdaq was up 13.9 points, or 0.55 percent, to 2,532.02.
<!-- end_ct -->
Questions and Answers
Article Tags:
u s stocks
When trading penny stocks, it is vital that you have a list of penny stocks to watch daily. This sector of the market is very volatile and changes literally day to day, hour to hour. Penny Stock Rumble (www.pennystockrumble.com) is an essential trading tool for any penny stock trader.
Most penny stocks are shares of small companies that usually don't have great market penetration.The main difference between stocks and larger stocks is that they fluctuate enormously on a daily basis. When you decide to invest in the right small or large cap company, make sure you limit your order. While the OTCBB does require companies to file timely documents with the SEC, the pink sheets have no such requirement. Minimum standards act as a safety cushion for some investors and as a...
So you've made a decision to get going into small cap stocks and give it a whirl. The opportunity of investing only a couple bucks together with the opportunity of 1000% gains is certainly attractive. Were you aware True Religion Apparel, Inc. (TRGL) was once a penny stock? It now trades in excess of $30/share. The terms "penny stocks" and "micro cap stocks" may be used interchangeably. Technically, micro cap stocks tend to be classified and based on their market capitalization or ...
If you want to make money in the stock market, you have to practice stock trading. There are so many options,let's see who Practice Stock Trading helps us.
Investors find penny stock investing to be quite attractive as it only involves cheap entry into the market and results in huge gains. In order to find the best penny stock trend research is very important. For a successful venture, research is an essential part.
Penny stocks are cheap stocks which can result in a huge return and high profits. If investors analyze day traders trading and keep an eye on top penny stocks, they can gain a lot of helpful tips and can make good interpretations. It is important for every investor to know exactly where to buy their stocks from and such information is mostly needed by beginners, as beginners can find the stock market to be a tricky place.
The Forex currency market is a non-centralized exchange where banks, businesses, governments, investors and traders can trade currencies with one another. By "non-centralized" I mean there is no actual physical centralized exchange like the New York Stock Exchange or the Chicago Mercantile Exchange. Instead...
The fully automated service sends an email confirmation in receipt of the amount and then processes the order. Among the reputed agencies to order foreign currency from is Pawnbroker.
Created by David Lambert, the CCI was first used as an indicator for determining reversal points in the Commodities Markets. It was then discovered to be very useful in the share and forex markets. It is based on the theory that all activities move under the influence of cycles. The Maxima (+100) and the Minima (-100) occurring at regular intervals. The CCI measures the speed of price fluxuations as determined by oscillators.
Credit card services are important to help your business increase sales. Consumers today are more comfortable than ever to pay in means other than cash. Plus, many customers don't keep a high volume of cash on hand. Credit cards allow people to pay back expenses over time.
A merchant cash advance is a cash payment to a business in exchange for an agreed upon percentage of future credit and/or debit card sales. This relatively new industry provides business owners quick access to capital coupled with benefits not see with traditional loans.
Drought conditions in China's southwestern region are worsening as there's been no effective rainfall in the areas since the middle of this month.
Discuss this Article
