2010/11/26

Morning: Holiday sales decline in U.S. stocks narrowed to a good

Reduced decline in U.S. stocks on Friday morning. U.S. retailers of the "Black Friday" sales there have been some positive signs, but the European sovereign debt crisis is to put pressure on the broader market.

At 10:45 on November 26 EST, the Dow Jones Industrial Average fell 69.25 points to 11,118.03 points, down 0.62%; the Nasdaq composite index fell 3.31 points to 2,539.81 points, down 0.13%; the S & P 500 Index fell 5.69 points to 1,192.66 points, down 0.47%.

Dow 30 industrial stocks all the lower plate of raw materials leading enterprises DuPont (DD) dropped 1.3%, Alcoa (AA) fell 1.2%.

Boeing (BA) fell 0.3%, more than two weeks before the new Boeing 787 Dreamliner aircraft fire and cause power system failures, the company is modifying the aircraft's electrical systems and control software. Boeing said the company did not complete the revised design and installation will take much time.

Nasdaq and S & P 500 are down, leading declines in raw material and energy sector.

As of Friday morning, this week, the Dow has fallen about 1.2%, U.S. stocks continued recent years the week of Thanksgiving downward trend. U.S. stocks fell on Friday caused the reasons for sovereign debt crisis escalated in Europe, while Spain and some other countries has become Europe's weakness.

Intensified the market in order to eliminate the financial situation in Spain concern the increasingly heavy emotions, Spanish Prime Minister Jose Luis Rodriguez Zapatero (Jose Luis Rodriguez Zapatero) said on Friday, the euro zone's fourth-largest economy, Spain "absolutely" does not need to seek assistance from the EU . But Zapatero's speech tried to calm market sentiment has little effect after the publication of his remarks, the euro exchange rate along with Spain and Portugal, together with bond prices tumbled. Euro-dollar exchange rate is currently reported to 1.3244.

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The DJ Euro Stoxx 50 is down -1.29% to 2729.28 points